How to Insure Your Income: Lump Sum Benefits

Lump sum benefits under disability income insurance policies were once paid more frequently than they are today.

With modern safety measures and enforcement, accidents in the workplace are less disabling; with medical technology, total and permanent disability is less frequent. Therefore, installment disability income payments are more frequently used.

Lump sum benefits usually will be paid under presumptive disability 99 or under special policies covering a company's buy-sell agreements.