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Disability insurance pays an insured person an income when that person is unable to work because of an accident or illness. The answers to the questions below offer you more information about this cov
Where can I get more information?
For more information on disability insurance, you can contact:
Life and Health Foundation for Education
2175 K Street, NW, Suite #250
Washington, DC 20037
(202) 464-5000
http://www.life-line.org
America’s Health Insurance Plans
Will my employer provide disability coverage?
Most employers offer some kind of disability insurance, but you should find out exactly what your employer offers before you have to file a claim. Most allow some short-term sick leave, which might last from a few days to as much as six months. In so
How can I save money?
There are two ways to keep the cost of disability insurance down:
Electing a longer waiting period before benefits begin
If you have enough resources to cover expenses during the first three months of disability, your premiums will be lower t
How are disability premiums determined?
Disability premiums are based on your age, sex, occupation and the amount of potential lost income you are trying to protect. In general, the lower the chance that your occupation puts you in harm’s way, the lower the premium. The higher the ch
How can I purchase disability insurance?
Talk to the agent who sells you your life, health, auto or business insurance—he or she may either sell disability coverage or will be able to refer you to an agent who does.
Your state's insurance department will also have names of agents and
What are the types of disability insurance?
There are two types of disability policies: Short-Term Disability (STD) and Long-Term Disability (LTD):
Short-Term Disability policies (STD) have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years.
Can I insure against loss of income?
Life insurance is pretty easy to understand. You purchase a life insurance policy and it does exactly what it sounds like, it insures your life right to the end. There are few if’s and but’s. In most policies if you end your own life with
