Interesting "find" this morning. I am revieweing an disability policy that an anesthesiologist brought me.
It's an individual policy, bought long ago.
It provides, in part, that after submission of the claim they will pay benefits within 30 days of approval. It also provides that if they don't they will pay interest at 18% per annum!
You won't find that on any disability policy today but, back in the day, they were earning 20% or more on their investments.
As many older policies do, this one had very favorable terms for the insured. Today you can still get good terms on an individual policy but, as I discuss in my book Robbery Without a Gun, most group disability policies are shams.