Disability income and family income

There is a difference between disability income benefit and family income benefit.

A disability income benefit pays a monthly benefit during the period of disabilty and ceases on death or for a specified benefit period, e.g. 60 months. The extent of the disability is defined in the policy. The payment starts after a waiting period, e.g. 90 days.

A family income benefit pays a monthly benefit to the family following the death of the policyholder, and is payable for the remainder of the insurance period. If the insurance is for 30 years and death occurs at the end of 20 years, the monthly benefit is payable for 10 years.