Maximum Benefit Period (Benefit Duration)

Maximum Benefit Period (Benefit Duration) The maximum benefit period (MBP) is the maximum amount of time that you can receive disability benefits under your policy. It is usually expressed in years. The MBP is one of the most important provisions in your disability insurance policy, as it determines how long you will be financially protected if you become disabled. Maximum Benefit Period means that maximum amount of time, during which benefits will be paid under the Plan for your Non-Occupational Disability or Occupational Disability following the Elimination Period for the coverage you elected under the insurance Plan. Your Maximum Benefit Period is determined by your age when you become Disabled. In some jurisdictions, If you become Disabled prior to retirement, the Maximum Benefit Period ends at age 65. The MBP can also be affected by your age when you purchase the policy. For example, a policy purchased at age 60 may have a shorter MBP than a policy purchased at age 30. Accident benefits are payable during continuous disability to age 65. Sick benefits are payable during continuous disability to age 65. Benefits are not payable for disability beyond the 65th birthday, except to provide at least one year of benefits during a period of total disability commencing prior to age 65. Pre-existing Condition Waiver Alcoholism/Drug Addiction Waiver Social Security Freeze Pregnancy Complications Waiver Regular Occupation Waiver Primary Social Security Offset Cost of Living Survivor Benefit Mental/Nervous Waiver. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful