Does Disability Insurance Work?
4470 POINTSview profileBrandon RobertsOwner, The Insurance Pro Blog,Absolutely disability insurance works. It makes sure that individuals and families have income when they are unable to work due to illness or injury. This income provided by the policy allows and individual to continue his or he life a a similar lifestyle if he or she cannot work.Answered on August 28, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNAbsolutely any disability policy purchased from a reputable insurance company works if you meet the criteria of a claim. In order to receive benefits you must be diagnosed with an injury or illness so severe that you are no longer able to perform the duties of your occupation by a medically licensed physician. Then you must meet the elimination period requirements in the policy. Then benefits will be paid to the extent of the contract. The money may be used for any use you deem fit.Answered on September 21, 2014flag this answer
1976 POINTSview profileRonald HinchRegional Marketing Director, Capital Choice Financial Group,Disability insurance is a great addition to your insurances, especially if you are self employed. As with life insurance, disability coverage protects the most important thing your income to your family in case that you cannot work for a while due to accident or sickness. Many people don't have this insurance because they think it is too expensive but it really is very cheap.Answered on April 27, 2016flag this answer
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