Disability Income Replacement Insurance

While most Americans insure their lives and material assets, like homes, cars, etc., many overlook the need to protect their most valuable assets - The Ability To Earn An Income.

Insurance claims studies (1985 Commissioner's Individual Disability A Table) indicate that the odds of becoming disabled for 90 days or longer are much greater than dying during one's work years.

What To Look For In A Disability Insurance Policy:

• How is disability defined? Are education, experience and past earnings taken into account in determining what the insured can reasonable be expected to do?
• What about partial disability? Are benefits provided when medical impairment allows the insured to perform only a portion of his or her duties?
• Is a cost of living adjustment available to increase benefit payouts after a disability occurs to protect the insured against inflation?
• Is the policy both non-cancelable and guaranteed renewable by the issuing company?
• Is the waiting elimination period proper for the insured's circumstances? Commonly available periods include 30-days, 60-days, 90-days,180-days and one year.
• What benefit period should be selected? A long-term medical disability can be financially devastating. Therefore, one should elect a long-term benefit period where possible. Most companies offer coverage to age 65.

CLICK HERE TO REQUEST MORE INFORMATION ON DISABILITY PLANS