When must an insurer make periodic claim payments under a long-term disability income policy?

Insurers typically make periodic claim payments under a long-term disability income policy on a monthly basis. This aligns with common practice in the insurance industry, where most disability policies are designed to replace a portion of an individual's income over an extended period due to a disabling illness or injury.

Monthly payments help to align with an individual's regular financial obligations, such as mortgage or rent, utilities, and other necessary expenses, which are often structured on a monthly cycle. This frequency allows claimants to manage their finances more effectively while they are unable to work.

Other options, such as daily, weekly, or quarterly payments, are less common for long-term disability income policies. Daily payments would likely be impractical for both the insurer and the insured, increasing administrative burden without providing significant benefits to the claimant. Weekly payments might be more common in short-term disability contexts or specific situations, but long-term policies generally adhere to the monthly payment structure. Quarterly payments are also less practical for income replacement, as they do not align well with typical income needs.