Residual disability benefit

Residual disability benefit – This term finds application in the Insurance Law. There it refers to compensation, paid by the insurance company towards a policy holder in situations where he/she faced a loss of income due to a covered disability. The foundation of the term is the word “residue”, which refers to something left over, once something has been taken away. In terms of Inheritance Law “residue” details the assets left after debts are cleared and the specific assts have been gifted.

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