Question

What percentage of the insured's income is typically paid under disability income policies?

Answer 1

Disability income policies typically pay a percentage of the insured's income, usually around 60% to 70%.

Step-by-step explanation:

Typically, disability income policies pay a percentage of the insured's income. The percentage varies depending on the policy, but it is usually around 60% to 70% of the insured's income. This means that if an individual has a disability income policy and becomes unable to work due to a disability, they will receive a monthly benefit equal to 60% to 70% of their pre-disability income.