Disability Insurance Basics
What is a disability insurance benefit period?
The benefit period is the maximum length of time you will receive disability insurance benefits. Common benefit periods are 2 years, 5 years, to age 65, and to age 67. A longer benefit period results in higher premiums. Most financial advisors recommend a benefit period to age 65 or 67.
Key Points
- Benefit period: maximum length of time you receive benefits
- Common periods: 2 years, 5 years, to age 65, to age 67
- Longer benefit period: higher premiums
- Recommended: benefit period to age 65 or 67
- An independent agent can help you choose the right benefit period for your situation