What To Look For In Long Term Disability Insurance?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe #1 item in reviewing long term disability insurance is the contractual language of the policy. You don't want to wait until a claim to discover the interpretation of your policy provisions. Next is the elimination period and the associated "triggering" events that are necessary to generate the benefits of the policy. Price is a value proposition. Some policies have embedded value, while others charge for the "additional" policy perk. You should shop online with a brokerage company that offers several disability companies and has expertise in morbidity products.Answered on September 12, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.One of the main features to look for in long term disability insurance is the "own occupation" clause. That will keep you from having to take any job, rather than being able to keep receiving disability coverage until you are able to go back to your own occupation. Getting a policy that allows you to get more coverage without evidence of insurability in the future, as your income grows, is also a good feature to consider.Answered on September 12, 2013flag this answer
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