What does Residual Benefits mean? Read on to discover the definition & meaning of the term Residual Benefits - to help you better understand the language used in insurance policies.
Residual benefits provide a percentage of a policyholder's benefits if they become disabled due to health issues. These are monthly benefits that are paid until the injured or sick party is able to work again. Depending on the company, employees may even be able to obtain the benefits when they work part time.
We hope the you have a better understanding of the meaning of Residual Benefits.