maximum disability income policy (MDP)
A maximum disability income policy (MDP) refers to a type of long-term disability insurance policy that is noncancelable by the insurance company but limits the insurer's liability for any one claim but not the aggregate amount of all claims.
maximum disability income policy (MDP)
A maximum disability income policy (MDP) refers to a type of long-term disability insurance policy that is noncancelable by the insurance company but limits the insurer's liability for any one claim but not the aggregate amount of all claims.
Additional Information
Under an MDP, there is a maximum amount payable for any one claim, but there is no limit on the number of separate claims for different disabilities.
