Disability Insurance Comparisons

Disability Insurance Comparisons

Comparing Long Term Disability Insurance Policies When you’re looking at disability insurance comparisons from different sources, make sure to pay close attention to the specific terms of the policies you are considering. While there are many similarities among long...

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Quote Facts and Tips

Quote Facts and Tips

What you should know about disability insurance: What is disability insurance? In the most basic terms, disability insurance is protection for your income. Who needs disability insurance? If you depend on earned income to pay your bills, disability insurance is...

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Waiver of Premium

A waiver of premium provision relieves you of having to make premium payments after you have been disabled for at least 90 days or the length of the elimination period, if shorter. In effect, it frees up money for other expenses when disability has caused a drop in...

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Transplant and Cosmetic Surgery Benefit

Under a transplant and cosmetic surgery benefit, any disability arising from donating a transplant organ, improving your appearance or correcting a disfigurement will be covered by the policy.  Other Policy Provisions: Own Occupation Definition and other...

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Renewability Provisions

One of the most important aspects of a disability insurance policy is the renewability provision. How long can you expect coverage to continue, assuming premiums are paid as due? Look for coverage that contains the following renewability provisions: Guaranteed...

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Rehabilitation Benefit

To help a disabled insured person return to work in his or her own occupation, most disability insurance policies include a rehabilitation benefit. This benefit will pay some of the expenses incurred when the insured enrolls in an approved rehabilitation program. The...

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Important Optional Features

Important Optional Features

Most disability insurance policies have important optional features that, when added to the base policy, provide additional protection to the policy holders.  We recommend the following optional features: Protection Against Inflation Suppose you are receiving a $6,000...

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Exclusions and Limitations

Every company excludes certain causes of disability from disability insurance coverage. These exclusions are stated in the policy. A universal exclusion is the “pre-existing condition”: an ailment that had manifested itself before the policy was purchased. ...

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