Disability Inurance Online
Disability insurance is designed to protect you if you suddenly
became disabled. Accidents happen, people get sick and anyone of
these events could drastically change your life. If you suddenly
became disabled tomorrow would you be able to survive without disability
insurance.
Millions of Americans become disabled each year and many of them
don't have disability insurance. Some have to keep working, even
though they are in pain, because they cannot afford to be out of
work. Remember worker's compensation only covers disability that
resulted on the job.
Short term or long term disability insurance, which is right for
you?
There are two kinds of disability insurance available to you: short
term and long term. Short term disability insurance usually last
for only a few months. It's designed to cover you for the short
term as is more expensive than long term. It is generally purchased
as a part of a group plan by your employer but may be purchased
individually.
Short term disability insurance benefits and facts
- Pays a percentage of your salary usually 1/2 to 2/3 for up to
26 weeks.
- It covers disability that workers compensation doesn't cover.
- It doesn't require a medical exam to get a policy.
- You receive funda within 2 weeks of reporting injury.
- Benefits kicks in immediately if you suffer an injury.
Do you need short term disability (STD) insurance?
- You don't need short term disability insurance if you have enough
savings. Try to get a long term plan instead.
- You dont need (STD) insurance if you have accident insurance.
- It is not easy to find a great policy.
Long term disability insurance facts
- Provides you with income for the long term.
- It is generally provided through an employer.
- It pays a percentage of your weekly salary usually 1/2 to 2/3.
- You can receive benefits until you retire then your retirement
benefits would kick in.
- The premium payments are tax deductible.
- Once you begin receiving benefits (payments) you no longer have
to pay the premiums.
- Individual policies cost more than group policies.
- It requires a medical exam for individual policies.
- Insurance companies takes many factors into consideration such
as age, income, occupation and medical history before delivering
your premiums for an individual policy.
With the above facts on disability insurance you should be able
to determine the type of disablity insurance that's right for you.
The quoting services below will help you to find top rated disability
insurance companies.
Recommended disability insurance
providers
InsuranceFinder.com
- disability insurance quotes
Save a bundle on your disability insurance. Just fill out their
1 page form and within minutes they'll scan their database of hundreds
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also provide quotes for every type of insurance imaginable.
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