|
  |
|
|
Disability Income Protection
Disability can strike anyone, anytime, regardless of age, or type of job. Over the last 20 years, deaths due to heart attack, cancer, and stroke have significantly decreased. At the same time, disabilities to these same illnesses have increased. If it does happen to you, a disabling illness or injury can seriously effect your ability to work and earn an income, which will obviously cause a significant disruption to your financial security. A Disability Policy can help bridge lost income due to a disabling condition. If you become disabled, your Disability Income Plan provides a monthly income benefit to protect you, your family and business owners your business against financial hardship. The goal should be to find the right disability plan, insurance company, and insurance agent best for you. First, you need to find a licensed insurance agent to help you with selecting a policy and benefits that meet your immediate and long-term needs. Any dialogue you have with an agent is based on YOUR needs not theirs. Recommendations for insurance policy and company selection should be discussed so that you feel comfortable with your selection. The goal of the agent is to help you find the right disability plan. You should expect questions regarding your monthly income, monthly living expenses, emergency savings accounts, etc. These questions help to determine benefit amounts, elimination periods (the time you wait before you receive your income benefits)and the length of disability contract. You can select a disability contracts where you receive benefits from 1 year to age 65 depending on the insurance carrier. Your medical history will be discussed to determine eligibility. When all the questions are answered and the recommendations for coverage are on the table including monthly premiums, you select the disability plan that meets your criteria, including premiums. Enrollment is completed within an hour or so, again depending on the insurance carrier this can take 30 -60 minutes. The application and first months premium is submitted to the insurance carrier. Most companies require a physical exam by an independent physician of their choosing before a policy is issued. Issuing a policy is generally completed within 14 business days. If a castrophic illness or injury does occur and you are unable to work, you recieve the monthly benefit of your Disabiliy Policy for the term selected at enrollment. Ask yourself these questions: 1) Does your home and car havebetter insurance protection than your most valuable asset; your income?
2) Can you afford to live without any income or live exclusively on your spouses income, especially if you were disabled from an accident or serious illness? Your most important asset is your income and your ability to earn an income. In cases when you are prevented from doing so, this type of coverage can and may "save the day" for you and those closest to you based on the benefit guarantees of the insuring company and timely payment of plan premiums. Disability coverage is available for groups, individuals, business owners, and self employed.
|
Contributor's Note
If you live in Arizona, I would be happy to sit down with you to discuss Disability Income Protection or other health insurance needs. USA Healthcare Savings is available to anyone nationwide.
|
|
USA Healthcare Savings
PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
No reactions yet.
Please login or sign up to rate this intel.
Please login or sign up to add a comment.
The copyright for this content entitled "Disability Income Protection" has been specified by the contributor as:
All Rights Reserved
This content may not be copied, distributed or adapted by anyone under any circumstances.
|
 |
May, 2012
2008
January, February, March, April, May, June, July, August, September, October, November, December
2009
January, February, March, April, May, June, July, August, September, October, November, December
2010
January, February, March, April, May, June, July, August, September, October, November, December
2011
January, February, March, April, May, June, July, August, September, October, November, December
2012
January, February, March, April, May
|
|
Not a member yet?
Qondio is a powerful network for making it online. If you have a website to
promote, we can help.
Sign up and get in on the action.
|
|
Welcome to Qondio! Discover the awesome power this network can deliver by going to our About page. Or you could skip straight to the Sign Up form.
|
|
