| Many individuals struggle to understand
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| | disability policies cover a percentage of
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| what disability insurance covers. There
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| | your income based on your occupation, the
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| are two basic forms of disability
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| | hazard of your responsibilities, and your
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| insurance, short-term and long-term
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| | income. The elimination periods for
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| disability. Short-term as its name
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| | disability policies usually range from
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| implies is for a short period of time
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| | 30-365 days. If you become sick or
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| usually less than a year. Group
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| | disabled, exceed the elimination period,
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| short-term disability is more prevalent
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| | and become certified by a physician as
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| in the work place than long-term. One of
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| | unable to work, you may receive a tax
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| the failures that individuals make is
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| | free benefit except in rare cases (your
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| assuming that their policy covers 100% of
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| | employer pays for the policy). The policy
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| their income. The policy usually covers
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| | is coordinated with any group disability
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| up to 66 2/3%, it may be only be 50% for
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| | benefits you may be receiving as well as
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| 13 weeks only. (Check your employee
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| | Social Security Disability Insurance if
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| handbook) Uncle Sam allows you to get the
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| | you qualify.Things to consider when
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| benefit tax free, but you cannot get more
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| | thinking about Disability Insurance:Can I
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| in benefit than your pre-tax salary. It
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| | get sick?Do accidents occur?Can I afford
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| is very important that people read their
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| | to self-fund?Can I live off my
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| employee benefits carefully.The two main
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| | savings?Does my coverage at work cover
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| definitions used to define if benefits
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| | short-term & long-term disability?Matt
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| under a disability insurance policy are
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| | McWilliams is one of the co-founders of
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| paid include own occupation and any
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| | HometownQuotes.Com, an online insurance
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| occupation. Own occupation disability
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| | quotes web site. He is originally from
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| means you are unable to perform the
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| | Pinebluff, NC and attended Middle
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| substantial duties of your current
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| | Tennessee State University. He is
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| position in a nutshell. Any occupation
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| | considered an expert in the field of
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| includes the duties of a job that you
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| | online insurance shopping and finding new
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| have been trained for through education,
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| | ways to help consumers save money on
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| training, or experience.Individual
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| | their insurance.
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