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How Does a Transitional Occupation Disability Insurance Contract Work?

If you have this type of contract definition and you are unable to work in your specialty due to a disabling event, full benefits are payable to you. However, if you are working in a different job earning income, benefits may be reduced.

In our most recent video, we discuss ‘Transitional Occupation’, a perplexing contract definition, though it is rare.

We see Transitional Occupation often with Principal disability insurance in the state of California as they have a different definition of disability for some specialties. If you are outside of primary care, typically your insurance would be coded with a higher premium due to risk that specialty presents. That codes requires this type of definition if you purchase Principal for your disability coverage.

If you retain this policy while under a higher income and then become disabled, this may not be as impactful vs. on a lower income at time of disability. This topic can be a little confusing so let us know if we can help!

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How Does a Transitional Occupation Disability Insurance Contract Work?

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