Can I Cancel My Disability Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    If you're the owner of a disability policy, it is your property to do with as you please. But consider the financial ramifications of an ongoing illness or injury in light of your cash reserves. Most working Americans have 90 days in cash reserves. Most disability events are longer than that. So consider carefully before terminating your coverage.
    Answered on August 9, 2013
    flag this answer
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, you can cancel your own Disability Insurance policy. Non-cancellable Disability Insurance refers to the insurance company's inability to cancel your policy unless you want it cancelled. You are also able to adjust Disability Insurance, which may be a more palatable option than cancelling it, if you no longer need as much coverage as you used to require.
    Answered on August 10, 2013
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>