A View of Non-Cancellable Disability Insurance

Non-cancelable disability insurance, despite an arduous past, is being written today with apparent success by a small number of companies. In the past the insurance has often been associated with unlimited lifetime coverage, either as separate non-can policies or as disability income provisions in life insurance policies. Such association is not necessary. Very little non-can is now written on a life indemnity basis--none on an unlimited life indemnity basis. Almost all of the new policies issued today place a limit to the period of coverage varying from eight or ten years to little over a year. Such limitation of the disability term is important as a symbol of the greater attention being paid to the intangible aspects of non-can underwriting.