| If disability income insurance is the protection you need, | | | | insurance coverage. Long-term disability insurance |
| shop around and compare policy features before | | | | usually kicks in after short-term disability coverage |
| making a purchase. Some professional insurance | | | | ends - typically after six months. Free disability |
| agents consider the ideal disability policy to be a form | | | | insurance quotes to help consumers find insurance |
| called 'own occupation' coverage. But the average life | | | | coverage with the lowest rates for disability insurance. |
| of a disability insurance policy is about 5 years. Even if | | | | As with many other insurance plans, having disability |
| you have long-term disability insurance through your | | | | insurance coverage usually makes more financial |
| employer, you may want to consider an individual | | | | sense than not having it. |
| policy as well. That's why after recently meeting with | | | | Although it gets less attention than life insurance, |
| his financial planner, he decided to supplement his | | | | experts agree that disability coverage is at least as |
| employer's disability coverage with an additional | | | | important. Nationally recognized attorneys representing |
| long-term disability insurance policy. | | | | medical, dental, business and legal professionals in |
| Sometimes, your employer pays for an individual | | | | disability insurance coverage disputes with carriers |
| disability insurance policy on you. You choose the | | | | throughout the United States. Lack of coverage could |
| length of your waiting period when you purchase your | | | | ruin your family's lifestyle but disability insurance will |
| individual disability income insurance policy. During this | | | | ensure a continuous income stream. One coverage I |
| process, the insurance company collects information | | | | don't have is disability insurance that will cover my loss |
| about you and uses it to decide whether to issue you | | | | of income in case of accident or extended illness. Most |
| a disability policy. They are not affected by payments | | | | school districts do not provide disability insurance |
| from any other individual disability insurance policy you | | | | coverage for their employees. individual |
| have purchased. Neither long-term care nor long-term | | | | coverageDisability insurance may be included in your |
| disability insurance terminates once it pays a benefit | | | | benefit plan from your employer or union. While on a |
| unless the maximum benefits of either policy are | | | | disability-related leave, you may continue your |
| exhausted. | | | | insurance coverage by paying premiums directly to the |
| Unearned income you may receive includes private | | | | Lab's Payroll Office. |
| disability payments from an insurance policy or | | | | For a longer illness, lasting six months or more, your |
| short-term and long-term disability coverage from your | | | | employer may provide group long-term disability |
| employer. The maximum normally allowed under a | | | | income insurance. Employee Benefits Disability benefits |
| disability policy is 60-66% depending on the insurance | | | | from your employer may include workers' |
| carrier. If you're not sure, an individual disability | | | | compensation insurance for work-related injuries. In |
| insurance policy can help. In summary, as the disability | | | | either case, you should find out as much as you can |
| insurance market continues to deteriorate, every | | | | about the group disability insurance provided by your |
| physician should perform a "policy check-up" to better | | | | employer. Group disability insurance can be fully paid |
| understand his/her policy. Business Overhead Expense | | | | by your employer or may require an employee |
| (BOE) insurance is a disability policy that reimburses | | | | contribution. When you purchase disability insurance |
| the practice for specific overhead expenses if a | | | | through your employer, you may be able to have |
| shareholder is disabled. | | | | premiums deducted from your pay on a pretax basis. |
| Variables in coverage Insurance is always complicated | | | | Plus, one overwhelming advantage of personally |
| and disability is no exception. Benefits are taxed, | | | | owned disability insurance is that it cannot be reduced |
| however, if your employer pays for the disability | | | | or terminated if you leave your current employer. |