Own Occupation
Disability insurance that pays if you cannot perform the specific duties of your current job—even if you can work elsewhere.
What You Need to Know
Own-occupation coverage focuses on whether you can perform the material and substantial duties of YOUR occupation. If you cannot, you receive benefits even if you could earn money in another role.
Example: A surgeon who can no longer operate because of hand tremors can still teach medicine. Own-occupation coverage pays full benefits; any-occupation would not.
This definition costs 20-40% more but offers the best protection for specialists and high-income professionals.
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
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Related Terms in Healthcare & Insurance
ADLs (Activities of Daily Living)
Six basic self-care tasks—like bathing and dressing—that determine long-term care eligibility.
Any Occupation
Disability coverage that only pays benefits if you cannot work in any reasonable job based on your experience and education.
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.