Insurance Info

People who are interested in getting disability insurance that can’t get it through their employer (or who want more coverage than is offered by their employer) can get private or supplemental insurance. However, you should take care when choosing a policy to make sure that you get the level of coverage that you truly want and need.

The first thing you will want to do when choosing a disability insurance policy is to make sure that you go with a very reputable company. You want to make sure that they will be around in the future and able to pay out the benefits you need should something happen to you. For this reason it is a good idea to go with one of the larger companies that offer this type of insurance, or to research any smaller companies thoroughly through resources such as Moody’s and Standard and Poor’s to make sure that they are financially sound. Continue reading ‘How to Choose a Disability Insurance Policy’ »

So who decides if you are disabled? Your insurance company does of course. Therefore you need to pay special attention to the details in your policy. By reviewing this list of definitions you will be able to better understand your disability insurance policy.

Own Occupation: This means you are disabled and cannot perform the regular duties of your usual job, even if you could do some other job.

Any Occupation: You are considered disabled if you cannot work at any job that you are currently qualified for by training, education and experience.

Total Disability: You are disabled and unable to work at any job. Continue reading ‘Examining Your Disability Insurance Policy’ »