An individual disability insurance policy is recommended to supplement an existing employer group plan.
One must check the group plan provisions carefully for answers to important questions…
How long does the group disability insurance coverage last?
How much is the benefit?
Does the disability insurance policy cover bonus and commission income?
Will the coverage continue if one leaves the employer?
A typical Individual Disability Income Protection plan starts to pay benefits after one has been off work for 1 to 6 months, and pays benefits for several years or until retirement age, depending on the terms of the policy.