What percentage of gross weekly salary can an insured qualify for under loss of income coverage?

In loss of income coverage, the insured can typically qualify for a benefit that equates to 60% of their gross weekly salary. This percentage is often set to provide financial support while ensuring that it incentivizes a return to work after a period of disability or income loss. The aim is to offer enough insurance to cover essential living expenses without fully replacing the income so that beneficiaries still have a motivation to return to their jobs as soon as they are able.

This coverage typically factors in an individual's actual earnings and may include caps or limits based on the policy terms, but the standard compensation rate is generally around 60%, aligning with common practices in various jurisdictions for short-term and long-term disability benefits.