To qualify for Long Term Disability Insurance, you must earn an income and be of favorable enough health that you can qualify medically for the Disability Insurance policy. There are also some age guidelines.
The process of qualifying includes filling out an application and taking an exam, just as you would if applying for life insurance. Once the underwriting review is complete, the premium is set, the policy is issued, and you put it into effect by paying the first premium.
Social Media Strategist, Disability Insurance Services, California
Along with what Peggy said, please note that for some carriers you can get what's called Simplified Underwriting. That means, if you fall under a certain age (usually 50), you can get up a certain amount of coverage without having to go through medical underwriting or without having to submit financial documents. Some carriers offer as much as $6,000 a month. They will, however, run a script check and obtain any medical records if necessary.
.JPG){kind=avatar}
The process of qualifying includes filling out an application and taking an exam, just as you would if applying for life insurance. Once the underwriting review is complete, the premium is set, the policy is issued, and you put it into effect by paying the first premium.