The disability insurance

The disability insurance policies are designed to pay part
your salary should be injured in an accident or
unable to work due to illness. Here are two
types of policies available: long-term disability and
short-term disability.

Short-term disability pays a portion of their salary
must be out of work due to injury during a
year. Some employers pay for this benefit to their
employees, some are offered to employees to purchase.

If you have a pre-existing medical condition, time
to enroll is during the initial enrollment period, when
a medical examination is not necessary.

The replacement of wages is only partial insurance
insurers and their employer, you want back
at work as soon as possible. Usually, there is a
waiting period of 14 days in which no
payment.

A long-term disability policies are purchased to replace
what would your income potential from the moment
you become disabled until age 65 when Medicare
available.

For example, if you are 55 years and earns $ 40,000 a year,
you must purchase a $ 400,000 policy.

Can not get a disability policy in the long run if

(1) that are or are about to be pregnant

(2) earn less than $ 18,000 per year

(3) are unemployed or

(4) that are required to carry a gun for work.

Normally, the waiting period for long-term insurance
to put a minimum of 60 days to one year.

Disability insurance is an important aspect of
general plan of insurance, and your employer
offered as a benefit you should definitely consider
as a wise investment.