Definition of "Rehabilitation benefit"

Charlie Boyd Agent real estate agent

Written by

Charlie Boyd Agentelite badge icon

Janie Boyd & Associates Real Estate Services LLC

Sum provided by a disability income insurance that pays a multiple of the monthly indemnity to cover the costs associated with a retraining course attended by the insured wage earner when the wage earner's income is interrupted or terminated because of illness, sickness, or accident. This retraining course is designed to enable the disabled worker to be retrained to perform another economic function.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Coverage that exceeds the normal insurance capacity of an insurer or reinsurer. ...

Highest price investor is willing to pay for a stock or mutual fund unit and lowest price a seller of a stock or mutual fund is willing to accept. ...

Provision of liability insurance that excludes coverage for dishonest acts of an insured. ...

Payment under a state-sponsored program for victims of crimes. ...

Statement regarding an insured's retention of low-severity risks because they are not catastrophic, and can be absorbed without having a dramatic effect on the financial structure of a ...

The absolute liability in insurance can be defined as actions, inactions, or negligence that leads to losses or damages to a third-party. The insurer is obligated to determine the ...

Compensation to an agent in the same absolute dollar amount, regardless of the type of insurance policy sold. Contrast with graded commission. ...

Canadian retirement plan much like U.S. individual retirement account (IRA). Here, an employee can contribute on a tax deductible basis C $3500 each year as a member of an employer pension ...

Standards used to determine claims payments in cases of overlapping property/liability insurance coverage. At one time, each type of insurance had its own rules to govern claims where more ...

Popular Insurance Questions