A disability insurance proposal refers to a document presented by an insurance firm which describes the terms and conditions of a disability insurance policy. Disability insurance or DI ensures that the insured person will continue to receive an income in case he suffers any type of disability due to an accident or illness which limits his ability to work or not work at all. The proposal must give the conditions under which the policy will be applicable and the amount or percentage of current income that will be provided by the insurer if the person becomes disabled in the future. The premium amount to be paid by the insured must also be mentioned.

Sample Disability Insurance Proposal:

Name of insurance firm: Life and Living Insurance Firm

Address: 83 Anise Street, Oakland

Disability insurance proposal prepared on: February 12, 2012

Proposal prepared by: Jamie Lawson

Insurance agent, Life and Living Insurance Firm

Proposal submitted on: February 15, 2012

Proposal signed and approved by: Gilian Andrews

Regional Manager, Life and Living Insurance Firm

Policy name: Disability Cover

Purpose: The purpose of this disability insurance proposal is to present to the potential customer the terms and conditions of the insurance policy and how much he needs to pay as premium for being insured

Details of Disability Insurance Proposal:

  • The term of the disability insurance policy shall commence from March 1, 2012
  • The insured shall pay an annual amount of $2,000 to the insurance company and get a monthly payment of 40% of current income
  • Disability can be a result of both accidents or illness