Disability, Accidental Death, and Long-Term Care Policies - Financial Issues

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Disability, Accidental Death, and Long-Term Care Policies

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Short and Long Term Disability and Accidental Death and Dismemberment Policies

Disability insurance is a type of wage-replacement insurance that covers a loss of income because of injury or illness. It generally only covers a percentage of your income for a period of a year or more. You must provide medical proof of disability in order to be eligible for coverage. The cost for this type of coverage is usually fairly low because the frequency of disability claims is very low. There is a greater chance that you will be disabled before age 60 than die, however. Though the risk of disability is low, it is very real, nevertheless. For this reason, every wage earner should include disability insurance as part of their financial plan regardless of the type of jo... http://cheap-insurance.ucoz.com/news/death_disability_insurance/2013-06-13-3100