Not exact matches
In the sections that follow we will do our best to give a broad overview
of private long - term
disability insurance, including the pros and cons, and provide definitions
of the various
features and provisions that you might want to consider when designing your own individual
policy.
Should you be disabled for an extended period, having the buying power
of your
disability insurance policy's benefit amount continually increasing is an attractive
feature.
From understanding what
policy features matter (for you) to taking your
disability insurance medical exam, there are a lot
of moving parts to consider.
The type
of disability insurance you have determines some
of the different guidelines and
features, like how long the
policy will pay.
Disability insurance carriers may make some
features standard on their
policies, while other riders may have an additional cost on top
of the
policy's base premium.
This guide outlines the
features and costs
of individual
disability income
insurance and offers tips and a checklist on buying the right
policy for you.
You will need to be aware
of a few
features of your long term
disability insurance policy, such as how long it is guaranteed renewable, the type
of occupation it covers and if it is non-cancelable.