Finding the right own
occupation disability insurance company and policy for your specific occupation requires knowledge of the industry and the different disability income providers available.
Not exact matches
Also, be aware that different
insurance companies have different definitions of own
occupation and any
occupation as it relates to total
disability and partial
disability.
It's also valuable for people who work in high - risk
occupations, such as roofers, firefighters, military, police officers, etc., who usually can't get
disability insurance or even life
insurance through certain
companies.
Popular
disability insurance companies for white - collar
occupations include Guardian / Berkshire, Principal, Mass Mutual, Northwestern Mutual, Standard, and Ohio National.
Own -
occupation coverage means the
disability insurance company will pay out a benefit if you are unable to do your own job, but still able to work in other jobs.
If you have an «own
occupation» rider — a common feature in
disability policies — the
insurance company will pay a benefit as long as you can not work in your primary
occupation.
If you only have an employer
disability insurance policy, consider supplemental
disability insurance with a solid own
occupation disability income protection
company.
The most comprehensive definition of
disability is «own
occupation» which means the
insurance company will pay benefits if you can't work at your own specific
occupation even if you are working in another capacity.
Disability insurance companies restrict the allowable benefit period, depending on what
occupation class you're assigned.
You may characterize your job with a general description, but the
disability insurance companies will break down what you do daily when assigning your
occupation class.