Special coverage disability policies are available for both business and non-business application. Business applications include Overhead Expense insurance to pay a business owner’s overhead during disability, Disability Buyout insurance to fund a disability buy-sell agreement, and Keyperson coverage to compensate an employer for the loss of a key person’s contributions.

Non-business disability insurance may be used to provide non-occupational coverage for individuals in high-risk occupations, and debt protection coverage for mortgage or loan obligations.

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Review Questions
In a lump sum
In installments
Either a or b
Neither a nor b