Disability benefit

{
  "id": "MLC-T-INS-003629",
  "term": "Disability benefit",
  "field": "Insurance and risk management",
  "definition": "A periodic payment from an insurance policy, employer plan, or government program to an individual who is unable to work due to an injury or illness. The amount is a percentage of the insured's pre-disability income, subject to a monthly maximum stated in the policy. Policies define disability as either the inability to perform one's own occupation or any occupation for which one is suited.",
  "url": "https://mlchart.com/terminology/insurance/disability-benefit/"
}