How long does Key Person Disability Insurance provide coverage?

The coverage period for Key Person Disability Insurance is determined by several factors outlined in the policy contract. It remains effective until one of the following occurs:

• the insured person reaches the age limit specified in the contract;
• the insured ceases active full-time employment for reasons other than total disability;
• the maximum benefit period for a single period of total disability is reached; or
• benefits are triggered under a unique policy provision (e.g. replacement expense benefit provision if you must replace a key person who is disabled)

Each of these conditions is clearly defined in the policy terms.