Disability Coverage

Disability insurance is designed to pay part of your salary if injured in an accident or unable to work due to illness. Here are two types of actions are available: long-term disability and short-term disability.

Short-term disability pays a portion of the salary should be from work due to injury, a years. Some employers will pay for this benefit for employees, some offer it for sale to employees.

If you have a pre-existing medical condition, time it is during login the first enrollment period, if
No medical examination is required.

The replacement of wages only partially; ensure that return subscribers as well as from your employer, you want to work as quickly as possible. Usually there is a waiting period of 14 days that you do not receipt of payment.

Replace bought the policy of long-term disability what your potential earnings would be from the time you will be disabled until age 65, when Medicare available.

For example, if you are 55 years old and earns $ 40,000 per year, you need to purchase a policy for $ 400,000.

You can not get a long-term disability policy, if:

(1) You are or may be pregnant soon,

(2) make under $ 18,000 a year

(3) they are unemployed, or

(4) that are required to carry a gun for work.

Normally, the waiting period for term insurance is given at least 60 days and up to a year.

Disability insurance is an important aspect of their plan of insurance in general, and your employer
as an advantage, you should always check provided as a good investment.