Sentences with phrase «of a disability insurance policy»

Social insurance supplements are riders that reduce the overall cost of your disability insurance policy.

The pricing of your disability insurance policy is predetermined by your occupation class, chosen benefits and riders, financials, and health.

There are two types of disability insurance policies, short term and long term.

The benefit length of a disability insurance policy directly affects your premiums and the total benefit of your policy.

While own - occupation coverage is more expensive, this is a necessary part of any disability insurance policy.

Important: No matter what kind of disability insurance policy you get from your employer, it will be tied to your employment.

A policy rider will often (not always) enhance the benefits of your disability insurance 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.

The elimination period of a disability insurance policy directly affects the premiums.

One of the most often overlooked features of a disability insurance policy is the elimination period.

As a licensed insurance agent, it is important to understand the basics of a disability insurance policy and how to best service your clients.

So, there you have it, the primary pieces of a disability insurance policy.

But there are many ways to lower the cost of a disability insurance policy.

This can be very attractive since occupation class is one of the main factors that affect the pricing of your disability insurance policy.

Depending on the type of disability insurance policy and the income of the individual, most companies will write 55 - 65 % of annual income up to a certain maximum.

These are all parts of your disability insurance policy, and their definitions are beyond the scope of this guide.

It's not just about knowing that you need disability insurance, but what kind of disability insurance policy you need.

The bane of your disability insurance policy; exclusions are the conditions that allow your carrier to not pay a claim.

That means anyone can benefit from some sort of disability insurance policy if they're not wealthy enough to self - insure and cover their financial plans without an income.

This combination means the carrier can not cancel (if you make your premium payments), make changes to, or increase the cost of your disability insurance policy.

But the truth is there are so many factors that go into the pricing of a disability insurance policy that it is impossible to give an accurate answer without more information.

There are different types of disability insurance policies.

If you don't already have one of these disability insurance policies, we can help.

There are also certain details that will impact the cost of your disability insurance policy, like:

Benefit length plays a relatively large role in the pricing of your disability insurance policy.

Probably, the simplest concept to understand and the most difficult to do something about, your age, has a fairly direct relationship to the cost of your disability insurance policy.

In this post, we'll break down each one and discuss the effect it has on the cost of your disability insurance policy.

So, please be sure that before you purchase any «type» of disability insurance policy that your agent fully describes what type of definition the policy provides for disability and be sure to READ the definition section of your insurance policy once your coverage is in place!