What Are Some Coverage Characteristics Of Disability Insurance?

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One response to “What Are Some Coverage Characteristics Of Disability Insurance?”

1. 

   August 10, 2013

   Peggy Mace

   Some coverage characteristics of Disability Insurance that are beneficial to the insured are as follows:
   1) Guaranteed renewable or guaranteed non-cancellable;
   2) Own occupation feature;
   3) Coverage to age 65;
   4) Elimination period that fits with how long you could afford to live without your paycheck;
   5) Residual disability feature;
   6) Cost of Living increase;
   7) Future benefit increases guaranteed; and 
   8) Choice of how what % of your income you want to replace.