What's Hot

    Creative Ways to Use Rice in Your Cooking

    March 24, 2023

    How to Choose the Right Colors for Easter Machine Embroidery Designs

    March 23, 2023

    Ecommerce Content Marketing: How to Use Content to Drive Traffic and Sales

    March 23, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    ZainView
    Subscribe
    • Home
    • Business
      1. Real Estate
      2. View All

      Can I Subdivide or Develop my Property?

      February 27, 2023

      8 Trending Luxury Backsplash Designs and Ideas

      January 4, 2023

      5 Mistakes to Avoid When Selling your Home

      November 30, 2022

      Mexico Beach front is a dream for investors!

      November 19, 2022

      Company Leaders Face Scope 3 Reporting Challenges

      March 22, 2023

      7 Features of the Best Point of Sale Systems

      March 13, 2023

      7 Best SEO Services for Business: Boost Your Rankings Now!

      March 11, 2023

      WhatsApp API

      March 10, 2023
    • Arts
      1. Family
      2. Fashion
      3. Home Decor
      4. Style
      5. Makeup
      6. Wedding
      7. View All

      Top 11 Wedding Hairstyles for Brides & Bridesmaids: 2023 Edition

      January 25, 2023

      How to make your marriage divorce-proof

      November 12, 2022

      What To Consider When Looking for Senior Housing

      November 5, 2022

      How can you support your child’s academic development?

      October 5, 2022

      Lightweight Parka Jacket

      March 22, 2023

      7 Reasons to Give Men’s Jewelry as a Gift

      March 13, 2023

      Gold Rings for Women: Shine and Sparkle

      February 17, 2023

      HOW TO WEAR WHITE SNEAKERS: A GUIDE FOR MEN

      January 30, 2023

      A Guide to Finding the Right Buyer’s Agent for You

      March 22, 2023

      The Advantages of Low-Light Indoor Plants: Bringing Greenery to Any Room

      March 8, 2023

      Ways in Which Ducts Play Their Part

      March 3, 2023

      How to Feel Inspired to Improve Your House

      February 7, 2023

      How to style linen clothing for a chic and comfortable look

      December 29, 2022

      HD lace wigs VS transparent lace wigs What’s the Difference

      December 28, 2022

      Why HD Lace Wigs are a Good Choice for People?

      December 15, 2022

      Best shoes for winter in 2022

      November 9, 2022

      Best Ways To Get Rid Of Paint Smell

      November 30, 2022

      6 Essentials for Aging Skin that Brighten Your Complexion

      November 15, 2022

      How to Create the Perfect Makeup Room

      March 15, 2022

      Amazing Health Benefits of Pine Pollen Powder

      January 18, 2022

      Top tips for planning the perfect wedding

      January 24, 2023

      How to Find Best Married Dating Sites for a perfect relation?

      September 30, 2022

      Everything You Need to Know About Selecting the Ideal Wedding dj Song

      September 10, 2022

      Wedding Themes Perfect for a Destination Wedding in Italy

      July 18, 2022

      How to Choose the Right Colors for Easter Machine Embroidery Designs

      March 23, 2023

      A Guide to Finding the Right Buyer’s Agent for You

      March 22, 2023

      Lightweight Parka Jacket

      March 22, 2023

      7 Reasons to Give Men’s Jewelry as a Gift

      March 13, 2023
    • Entertainment
      1. Music
      2. Fun
      3. Celeb
      4. View All

      11 Basic Chords That Guitar Players Should Know

      December 12, 2022

      Gift Ideas for Music Lovers

      August 18, 2022

      5 Unique Skills Successful Producers Have

      July 22, 2022

      Take Adult Violin Lessons Today To Excel Your Music Career!

      December 27, 2021

      Why Do People LikeFun Personality Quizzes

      March 16, 2022

      Storing cash into UFABET account

      January 12, 2022

      What is the Function of a rechargeable Lighter ?

      October 2, 2021

      Have fun while remaining healthy in this pandemic – Coronavirus jokes

      October 2, 2021

      Packed with Nutrients that help Skin repair

      September 26, 2021

      Know the Enemy: what causes wrinkles?

      September 26, 2021

      Maintaining Your skin

      September 26, 2021

      Beauty Has social lmplications

      September 26, 2021

      The Shocking Gabby Petiti Body Cam Footage

      March 18, 2023

      10 Heartwarming Gift Ideas to Make Your Dad’s Birthday Extra Special

      March 15, 2023

      How to Set Up a Home Music Studio

      March 13, 2023

      Planning to hire in 2023? We can help! | Robbert Murray

      March 10, 2023
    • Lifestyle
      1. Relations
      2. Fitness
      3. Food
      Featured
      Lifestyle

      Creative Ways to Use Rice in Your Cooking

      By Trevor James.cMarch 24, 2023
      Recent

      Creative Ways to Use Rice in Your Cooking

      March 24, 2023

      The History of Seiko Watches

      March 17, 2023

      Women’s Spring Fashion Trends That Work for Every Body Type 

      March 16, 2023
    • Pets World
      1. Pets
      2. Grooming
      3. View All

      Understanding Mirtazapine Transdermal: A Breakthrough Treatment for Cats with Depression

      March 6, 2023

      Puppy Diet: What to Feed Your Puppy and What to Avoid

      February 28, 2023

      What Are the Best Types of Dog Breeds?

      February 14, 2023

      Help Your Pooch Feel Amazing: 5 Astounding Benefits of CBD Chews for Dogs With Anxiety

      February 12, 2023

      Bloom and Groom: 5 Flowers to Have in Your Garden

      October 2, 2021

      How to Make Your Hairstyle Last Longer with Easy Application of Hair Setting Spray

      September 26, 2021

      The Best Skincare Trends of 2021

      September 26, 2021

      Frequently Asked Questions About Lash Extensions

      September 26, 2021

      Understanding Mirtazapine Transdermal: A Breakthrough Treatment for Cats with Depression

      March 6, 2023

      Puppy Diet: What to Feed Your Puppy and What to Avoid

      February 28, 2023

      What Are the Best Types of Dog Breeds?

      February 14, 2023

      Help Your Pooch Feel Amazing: 5 Astounding Benefits of CBD Chews for Dogs With Anxiety

      February 12, 2023
    • Tech

      Why do people buy mini PCs?

      March 23, 2023

      Kirill Yurovskiy: what equipment you need for blogging

      March 9, 2023

      Is XLPE Cable Armoured?

      March 5, 2023

      Unique Phonak Roger Pen and Phonak Roger FM System usage

      March 1, 2023

      All You Need To Know About 3D Printers Australia

      February 22, 2023
    • World
      1. News
      2. Hotels
      3. Interior
      4. Picks
      5. Travel
      Featured
      World

      How to Find a Wawa Near Me

      By iron_manMay 5, 2022
      Recent

      How to Find a Wawa Near Me

      May 5, 2022

      Top  Office Rental Market In The Asia Pacific 2021

      January 15, 2022

      Best Online Learning Techniques For College Students

      November 16, 2021
    ZainView
    Home»News»6 Pieces of Advice When Deciding on Disability Insurance

    6 Pieces of Advice When Deciding on Disability Insurance

    Trevor James.cBy Trevor James.cDecember 12, 2022No Comments5 Mins Read
    Share
    Facebook Twitter Reddit Pinterest Email

    Considering buying a disability insurance policy to protect your future income?

    Good move.

    Everyone can benefit from having disability insurance because a disability, illness, or injury can happen to anyone at any time of life. When one does occur, disability insurance is the best way to keep yourself afloat financially.

    But don’t sign up just yet. First, read these seven tips to help you decide which disability insurance to choose.

    1. Choose an Individual Long-Term Disability Policy

    Disability insurance policies fall into two different types of categories:

    • Individual or group
    • Short-term or long-term

    The best type of disability insurance is an individual long-term policy. If you have disability insurance coverage through your employer, then you have a group policy, and group policies are not customizable.  

    With an individual policy you can add policy riders to get extra benefits, select your benefit period and elimination period, and choose the definition of disability that you want.

    Short-term policies usually only pay benefits for up to six months. Long-term policies can pay benefits for five years, ten years, twenty years, or even more, depending on the benefit period you select.

    This article from Physicians Thrive goes into more depth on the difference between group policies, individual policies, short-term, and long-term options.

    1. Choose the Own-Occupation Definition of Disability

    Every policy has what’s called a “definition of disability,” and you have to meet that definition in order to qualify to receive benefits.

    The most common definition is any occupation. Under this definition, you must be injured or ill in a severe way that prevents you from working ANY job at all.

    The preferred definition of disability is own occupation. With an own occupation definition, you can collect benefits as long as you have any injury or illness that prevents you from doing your current job.

    There are only six insurance companies (known as the “Big Six”) that offer the own-occupation definition of disability:

    • Ameritas
    • Mass Mutual
    • Ohio National
    • Guardian
    • Principa
    • The Standard

    The own occupation definition makes it much easier to qualify to receive benefits. With the any occupation definition there’s a greater chance that you’ll never be able to collect a dime.   

    1. It’s Worth Adding Riders

    When you purchase an individual disability insurance policy you’ll have the option to add policy riders. Riders are additional features that offer added benefits.

    Some of most important riders to add are:

    • Non-Cancellable, Guaranteed Renewal Rider: This ensures that the insurance company can never cancel your policy and that you always have the option to renew it.
    • Cost of Living Adjustment Rider: The COLA rider protects against rising inflation. As the cost of living increases (based on the Consumer Price Index), your coverage increases as well.
    • Future Increase Option: Sometimes called the Future Purchase Option, the FIO allows you to increase coverage amounts without having to undergo any additional health evaluations.
    • Student Loan Repayment Rider: If you still have student loan debt, this rider will pay additional benefits specifically to cover student loan payments.

    Every rider you select will add to the price of your monthly premiums, but they are well worth the added cost.

    1. Compare the Costs of Different Elimination Periods

    The elimination period, or waiting period, is the amount of time between the date of your disability or diagnosis and the date that you can start to collect benefits. Elimination periods range from anywhere from 30 days to 730 days.

    The shorter the elimination period, the higher the cost will be, but the price difference is sometimes very little. It’s worth asking the insurance agent to price your policy with different elimination periods to see how the premium prices compare. 

    1. Pay For as Much Coverage as You Can Afford

    Most long-term individual policies allow you to select a coverage amount up to about 60% of your current salary. If your disability benefits will only be your source of income should you become physically unable to work, it’s worth paying for the most amount of coverage possible.

    Individuals that have another source of income, such as spousal income, may choose to save money on monthly premiums by opting for a lower coverage amount. 

    1. Compare Prices and Policy Terms

    Insurance companies charge different rates for different types of policies, so it’s always best to get price quotes from two or three insurers to make sure you’re getting the best possible rate.

    When comparing policies, don’t just look at the cost — look closely at the policy terms as well to make sure you’re comparing apples to apples.

    In Conclusion

    Long-term, individual disability insurance protects your future unearned income when an illness or injury prevents you from working. Without it, your personal finances and family’s security are at risk.  

    If you don’t already have a policy, get one now. The younger and healthier you are, the less you’ll pay for coverage, so start comparing prices and policies from the Big Six insurance companies. 

     

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email
    Previous ArticleWhy do Barber Shops have a Pole
    Next Article Modalert Is the Best Way to Boost Your Alertness
    Trevor James.c

    Related Posts

    American Exceptionalism and Global Leadership

    March 21, 2023

    Is it easy to use the Elf Bar 600 Disposable Vape | Ninja Vapes

    March 18, 2023

    How to Look After Your Car When You Don’t Drive It Much

    March 18, 2023

    Important Factors You Need to Think About When Choosing a Venue

    March 15, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Best For You

    4Movierulz (Movierulz4) Watch Latest Online Movies Free Download Website 2022

    September 26, 2022

    Streameast live and Steameast com one of the best sports streaming sites US

    February 27, 2022

    9xmovies win green Camp Best Movies Download Website In 2022

    September 26, 2021
    Top Posts

     Features of the innovative invoice template

    October 30, 2021

    Expert Fitness and Diet Tips for People of 50+

    January 26, 2022

    5 New Ways You Can Improve Your Pet’s Health

    December 20, 2022
    Categories
    • All
    • Animal
    • App
    • Arts & Culture
    • Auto
    • Beauty
    • Blog
    • Business
    • Celeb
    • Celebrity
    • Decor
    • Education
    • Electric motorbike
    • Entertainment
    • Family
    • Fashion
    • Finance
    • Fitness
    • Food
    • Fun
    • Gadget
    • Gambiling
    • Games
    • General
    • Grooming
    • Health
    • Health
    • Home
    • Home Decor
    • Hotels
    • Insurance
    • Interior
    • Law
    • Lifestyle
    • Makeup
    • Management
    • Marketing
    • Movies
    • Music
    • News
    • Pets
    • Pets World
    • Picks
    • Real Estate
    • Real Estate
    • Relations
    • Seo
    • Social media
    • sports
    • Statistics
    • Style
    • Tech
    • Technology
    • Tips and guide
    • Trade
    • Travel
    • Web Design
    • Website
    • Wedding
    • World
    Our Picks

    How to Choose the Right Colors for Easter Machine Embroidery Designs

    March 23, 2023

    A Guide to Finding the Right Buyer’s Agent for You

    March 22, 2023

    Lightweight Parka Jacket

    March 22, 2023

    Zainview.com is Get The Latest Online News At One Place like Arts & Culture, Fashion, Lifestyle, Pets World, Technology, Travel and Fitness and health news here.

    Connect with us:

    Email: [email protected]

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    Creative Ways to Use Rice in Your Cooking

    March 24, 2023

    How to Choose the Right Colors for Easter Machine Embroidery Designs

    March 23, 2023

    Ecommerce Content Marketing: How to Use Content to Drive Traffic and Sales

    March 23, 2023
    Links:スーパーコピー 優良サイト 口コミ,スーパーコピー時計N級品,ロレックス スーパーコピー販売
    © Copyright 2021, All Rights Reserved
    • Home
    • Privacy Policy
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.