Any Occupation
Disability coverage that only pays benefits if you cannot work in any reasonable job based on your experience and education.
What You Need to Know
Under an any-occupation definition, you must be unable to perform the duties of any gainful employment suited to your education, training, or experience in order to receive benefits.
Because the bar is much higher, these policies are cheaperābut they leave many professionals without coverage when they can still work in a different role that pays far less.
Sources & References
This information is sourced from authoritative government and academic institutions:
- dol.gov
https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/employee-retirement-income-security-act
Related Calculators & Tools
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Related Terms in Healthcare & Insurance
ADLs (Activities of Daily Living)
Six basic self-care tasksālike bathing and dressingāthat determine long-term care eligibility.
Assisted Living
Housing for people who need help with daily tasks but not round-the-clock medical care.
Beneficiary
The person, trust, or organization that receives the life insurance payout.
Benefit Period
How long your disability insurance will pay benefits once a qualifying claim is approved.
Cash Value
The savings component inside certain permanent life insurance policies.
DIME Method
A rule of thumb for estimating life insurance needs: Debt, Income, Mortgage, Education.