monthly income disability benefit

  • A feature added to some life insurance policies providing for a monthly income during disability in the event the insured has become totally and permanently disabled.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).