I’m a state worker.
How can I enroll in disability insurance in case of off job illness?
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I’m a state worker.
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A disability is a sickness or injury which interferes in your ability to work and earn a living.
In disability insurance, there's 3 types of definitions that a policy can use - the definition of disability in the policy is the MOST IMPORTANT factor to look at in a policy. The 3 definitions of disability that a policy can use are true own occupation, modified own occupation, and gainful occupation. True own occupation is the best definition you can have. Gainful occupation is commonly seen in group policies and offers the least coverage.
One of the drawbacks of group coverage is if your employment is terminated, you lose the coverage. An individual policy goes with you wherever you go and generally features stronger coverage and a better definition of disability (a true own occupation or modified own occupation definition).
You want to buy your disability insurance when you're healthy - this type of coverage is much more in depth than life and health insurance. If you have a pre-existing condition, you may face an exclusion rider for the condition under a given policy or be postponed for the coverage until it's resolved.
Disability insurance is a very complex type of insurance that has moving parts to policies. If you're looking to apply for coverage, you want to work with agents that have in-depth knowledge of products, how disability insurance works, and have experience with these programs to help you through the process from start to finish and make the process as seemless as possible.
I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.