Disability Income Insurance
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Where to Get Disability Coverage Sep 8, 2008
Disability insurance comes in many forms--individual policies, group policies sponsored by employers or associations, and government-sponsored programs such as Social Security and workers' compensation. Here are some of the benefits and drawbacks of each type of disability coverage.
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Beyond the Basics; Disability Income Insurance Riders Sep 5, 2008
Riders are policy add-ons that enable you to customize an individual disability policy to fit your needs. By using riders, companies do not require every policyowner to pay for every optional feature, whether they want it or not.
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Comparing Disability Income Insurance Policies Sep 5, 2008
Individual disability income insurance is a very flexible product. Many types of policies with an array of features and options are available, allowing you to design a policy that fits both your needs and your budget. But because there's no such thing as a standard disability policy, comparing policies can be difficult.
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Disability Income Insurance for the Self Employed Sep 5, 2008
Your ability to earn income is your most valuable asset. It allows you to buy and maintain assets such as your house, your car, and your jewelry. People routinely insure these types of property against loss, yet a lot of us neglect to buy insurance for the one cash source that makes it possible to maintain a particular lifestyle--the ability to earn income.
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Disability Income Insurance; Typical Policy Features Sep 5, 2008
Although there is no such thing as a standard disability policy, you're likely to see most of the following terms, conditions, and benefits included and explained in most individual disability contracts.
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Do You Need Disability Income Insurance? Sep 5, 2008
People ordinarily buy property and casualty insurance to protect their possessions (houses, cars, and furniture) and life insurance to provide income for their survivors. However, many people don't think about protecting their income with disability income insurance. But how well could you live if you weren't able to work? Disability is an unpredictable event, and if you become disabled, your ability to make a living could be restricted. Although you may have enough money in the bank to meet your short-term needs, what would happen if you were unable to work for months or even years? The real value of disability income insurance lies in its ability to protect you over the long haul.
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