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Compared to other disability income insurance plans, accident-only disability is perhaps the most inexpensive. And like many other insurance policies, accident-only disability income insurance gives the policyholder benefits so long as they pay the premiums on time. If injured and unable to work, accident-only disability income insurance replaces a portion […]

Accident Only Disability Income Insurance

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Guaranteed Renewable Though different, guaranteed renewable is something else everyone should consider when shopping for disability income insurance. Essentially, this rider renews the policy each and every year so long as premiums are paid on time. This removes the hassle of reapplying. With this guaranteed renewable, rates can still increase. Contrastly, […]

Know the Difference: Guarantee of Insurability vs. Guaranteed Renewability

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Why You Need Non-Cancellable Riders on Your Disability Income Policy Non-cancellable riders are a must-have on a disability income policy. If the carrier allows this rider, then it’s definitely worth considering. Essentially, a non-cancellable rider ensures static rates. In other words, once the policy is in effect, the insurance company […]

Non-Cancellable Riders on Disability Income Insurance

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Long-term disability income insurance ranges in how long it will cover an individual. Someone can purchase this type of disability income insurance for as little as one year; however, it can cover someone until age 67. Ideally, a person should consider purchasing this type of insurance while they’re young because […]

What to Expect When Applying for Long-Term Disability Income Insurance

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It’s important to know the differences between job-specific disability coverage and general disability income insurance. If you specialize in a certain field, you can get a disability plan for your own occupation. Take for instance a veterinarian, who works exclusively with horses; they may want to take out a disability income […]

The Difference Between Own-Occupation and General Disability Income Insurance

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Types of Individual Disability Income Insurance Health Insurance Type: Accident-Only Plans When looking for disability income insurance, several options are available on the individual side. First, there’s accident-only coverage, meaning this health insurance type will pay for disabilities caused by accidents. It will not, however, cover disabilities caused by illnesses […]

Health Insurance Type(s) – Disability Income Insurance

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Disability income insurance, or DI insurance, ensures people maintain an income if they lose their ability to work. There are several vehicles in which to obtain disability income insurance. For instance, disability income is often a component of group insurance. Through an employer, you can get long-term disability income, which can see you through […]

Health Insurance Type(s) – Group Disability Income Insurance

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