Who Provides Disability Insurance?
By RP on Aug 23, 2008 in Health & Medical
For many workers, the answer to the question of who provides disability insurance is easy – no one. These folks are left fighting to receive Social Security Disability Insurance payments, wading through a raft of paperwork and bureaucracy that often ends in a denial of the claim – meaning they have to start all over again. In the mean time, bills stack up, debt increases and more often than not, people become depressed.
However, there are numerous disability insurance companies out there just waiting to offer the level of coverage you require to keep your family afloat in the event of an accident or illness keeping you from work for a long period of time. The first step in protecting your income – and your lifestyle – is to get a series of disability insurance quotes from a variety of companies.
The next step in the process is comparing the disability coverage quotes – consider the coverage offered, premiums and the waiting time between the event of disability occurring and the point when you may begin to receive benefits. Some disability insurance companies are more generous than others when it comes to the benefits available and the timeframe claims can begin to be filed. Having said that, the long term disability insurance policies offering flexible benefits and shorter filing windows tend to be the most expensive.
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