What Are The Functions Of Having Disability Insurance?
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNThe functions of disability insurance is really only one. It replaces your income due to a medically disabling illness or injury. The monthly benefits can be used for anything you choose. People pay their monthly living expenses, health insurance deductibles, medical devices not covered by insurance and many more. If you depend on your earned income to live, you need a good disability policy.Answered on October 21, 2014flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.As Tim so aptly described, the function of Disability Insurance is simply to pay you when you are unable to bring home a paycheck. While Disability Insurance itself is a very straightforward product, there are many features and riders to DI that perform different functions. E.g. Having the "own occupation" feature will enable you to receive payments if you cannot work at your OWN job. Without it, you may be ineligible for benefits as long as you can work at ANY job. So when you got to buy Disability Insurance, do use a professional who can help you get the policy that performs best for your needs.Answered on October 21, 2014flag this answer
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