Disability Insurance Policy

Disability Insurance Definition

Be careful with disability insurance policy definitions. It is important when buying disability insurance to understand the definition of disability.

What sometimes may seem to be a fair definition may turn out to be something else.

Let us take a look at some of the definitions used to enlighten us on disability insurance.


Be certain your disability insurance company will pay when you need them. The Definition Of Disability can be Quite Misleading. Compare Disability Insurance Quotes and Save!


What Does A Disability Insurance Policy Do?

  • Definition Of Disability

    It is of vital importance that we pay attention to the actual definition used by the insurance company. You should be considered disabled if you are unable to perform the duties for which you are trained...that refers to duties in your own occupation...

    The important and key phrase here is your own occupation. Even if you are able to perform some duties in connection with your own occupation and get paid for it you are still deemed disabled... Some insurance companies have a tendency to write a definition in your disability policy that reads something like this. If the owner of the policy is unable to perform their duties in "any occupation" the income will be paid...

    What such a definition suggests is that if you are a surgeon and you cannot perform surgery because of physical or mental incapacity but you are able to sweep the floor of the place you used to perform surgery or may be flip hamburgers at a fast food outlet you would be paid...

    That is so misleading because the fact is that you will not be paid one dime by the insurance company. You can perform duties in some occupation so you are not disabled.

    Disability insurance is by no means inexpensive. It is really heartbreaking to see such definitions in a disability policy. There is nothing more frightening to an insurance company than a disability insurance claim...

    If your disability lasts for the rest of your life the pay out can easily run into millions of dollars. So be careful with the definitions included in your disability insurance policy.

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


Home Disability Insurance Quote Mutual Funds Term Life Insurance Financial Planning Life Insurance Quote Disability Insurance Policy Affordable Term Life Insurance Search Annual Renewable Term Life Insurance Annuity Beneficiaries Best Life Insurance Company Burial Insurance Cashing A Life Insurance Policy Charitable Giving Cheapest Life Insurance Decreasing Term Life Insurance Cash Values Explanation Of Term Life Insurance Family Financial Planning Term Versus Whole Life Insurance Free Term Life Insurance Quote Graded Premium Life Insurance Mortgage Protection Insurance Incontestability Joint Term Life Insurance Life Insurance Quote Term Insurance Quotes Low Cost Term Life Insurance Mortgage Disability Insurance Term Life Insurance Protection

Tools And Resources

Life Insurance Need Calculator

Recent Articles

RSS
  • XML RSS
  • follow us in feedly
  • Add to My Yahoo!
  • Add to My MSN
  • Subscribe with Bloglines
  1. Whole Life Insurance Options - Basic And Alternative Whole Life Plans Explained

    Whole life insurance is the plan of choice for many people. There are many variations to this plan.

    Read More

  2. Universal Life - Extending The Possibilities

    Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.

    Read More

  3. Term Insurance Quotes - Prepare Before You Get Quotes

    Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?

    Read More

  4. Term Insurance Online - Buy Term Life Insurance Online

    In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.

    Read More

  5. Life Insurance Types Explained - See Which Policy Fits Your Needs

    Deciding which life insurance types to look at depends on each individuals specific need. All life insurance does not fit everyone's situation.

    Read More