You've had a disability income insurance polcy for many years. You have an emergency savings account that would support you for three months. If you lose income due to injury or illness, you plan to use these funds until the 90-day period expires, after which you begin receiving benefits from your disability income insurance policy. Probationary and wating penods are similar in that they help keep costs down, but they also differ. Benefit payments - both current and future-are prohibited for injunes or illnesses that occur in the period: This period is usually - Benefit payments for injunes or ilnesses that ocour after the period has elapsed. Noncancellation and waiver of premium clauses A triend of yours has a great job that pays well. He plans to werk all his life, Hes only source of income is his paycheck. He takes trips and enjoys other extras in Me. Now that you know that becoming disabled can bring financal nuin, youli strongly recommend that your friend purchase disability income insurance. It is mest important that your friend's policy indudes a dause. You explain to vour friend that a dause would relieve him of the responsibility of continuing to pay the insurance premiums when collecting benefits. fut a clause means he would always have coverage. If the insurance company canceled his policy and he became disabled, he'd lose a lot than he would if he collected benefits and had to contanue to pay premums. The cost of premiums for men and women The cost of premiums for disabdity income insurance with the same terms is approxmately the same oremum as a man her ase for cawnene with for a woman than a man. A woman will pay that restrictions than the man's. The reason is