shopify analytics ecommerce
tracking

Disability Insurance Definitions

Disability Definition Is Important

Disability Insurance has been around for very many years. It used to be referred to as income replacement insurance by some insurance companies.

Because some of the definitions can be quite unintentionally misleading I ask you to take some time to absorb each detail of this article.

Knowing what you are buying is important. You want to own the type of disability policy that pays when you need it to pay.


In the event of your Disability you, as well as your family, could have Serious Financial Problems. Compare disability insurance and Save!


Disability Insurance - Things You Need To Know

  • Definition Of Disability

    If a person is incapacitated in any way and as a result is unable to work in the occupation which he or she has enjoyed or has become accustomed that person is considered disabled. There are companies today still defining disability as not being able to work in any occupation after becoming ill.

    The scary thing is that people live under an illusion that they are covered with disability insurance. Please pay special attention to definition before you buy a disability insurance policy. The policy must say own occupation.

    It is also of great importance that the policy is non cancel-able and guaranteed renewable. This indicates that the insurance policy cannot be canceled by the company except for non payment of premiums and the terms of the policy itself cannot be altered in any way.
  • Elimination Or Waiting Period

    The elimination period of your policy is the period of time you wait before payment of the benefits begin. This is an agreement by contract that is selected when purchasing the policy. You may choose an elimination period of 30 days, 60 days, 90 days, 180 days, 360 days or 720 days. The shorter the elimination period the higher the premium.

    Most people choose an elimination period of about 90 days as they feel pretty certain that they can hang on for at least that period of time before they are in need of additional cash.
  • Benefit Period

    The benefit period is the period of time that you will be paid an income during your disability. This period may vary but most life insurance companies pay a disabled person for 2 years, 5 years or to age 65. Some go beyond age 65. The longer the benefit period the higher the premium.

    People become disabled, at least for a short period of time, as many as 5 times during their lifetime. This in many cases mean a loss of income...which could be quite devastating to a person or an entire family. A disability insurance policy from a quality carrier could be a secure hedge against such an eventuality. The amount of income that you are allowed to insure yourself for is between 40% and 60% of your gross income.

Be certain your insurance company will pay when you need them. The Definition Of Disability can be Quite Misleading. Click Here


Life Insurance Quotes Disability Ins. Article Whole Life Insurance Quote Term Life Insurance Rates Affordable Life Insurance Life Insurance Rates Mutual Funds No Load Life Insurance Term Life Insurance Life Insurance Rate Fixed Annuities Burial Insurance Term Life Insurance Quotations Financial Planning Whole Life Insurance Retirement Planning Estate Planning Mortgage Insurance Universal Life Insurance Long Term Care Insurance Cheap Life Insurance Explanation Of Term Life Insurance Low Cost Term Life Insurance Family Protection Cheap Term Life Insurance Life Insurance Policy Term Insurance Term Life Insurance Quotes Online Life Insurance Life Insurance Policies Low Cost Life Insurance

Copyright © 2004 - 2019 LifeInsuranceHub.Net. All Rights Reserved.

Protect Your Family With Up To $1,000,000 No Exam Term Life Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Affordable Life Insurance - Term And Permanent Life Insurance

    The amount of spendable income an individual has helps determine what is affordable life insurance.

    Read More

  2. Personal Life Insurance - Present And Future Needs

    You have been hounded by life insurance agents from your senior years in college. You just didn't see the need to buy personal life insurance.

    Read More

  3. Term Life Insurance With No Medical - Non Medical Term Insurance

    Some people don't understand how you can buy term life insurance with no medical required. They are under this illusion that in order to issue such policies the premiums have to be higher than the nor

    Read More

  4. Term Life Insurance No Exam - Term Insurance No Medical Exam

    Term life insurance no exam necessary. These days, it appears that, everyone wants to buy term life insurance.

    Read More

  5. Best Term Life Insurance - Best Term Insurance Coverage

    Finding the best term life insurance policy can be a very tedious exercise. What really is the best? It is important to make a decision as to why this life insurance is needed in the first place. We t…

    Read More