by joven222 » Fri Jul 11, 2008 06:45 pm
What is the best age to buy a disability insurance? Is there such term as short term disability insurance and long term disability insurance? What are the main factors that can affect your premium rate in your disability insurance policy?
Posted: Fri Feb 13, 2009 07:39 am Post Subject:
The shorter the waiting period or the longer the benefit period has a significant effect on the cost.
So, for shorter waiting periods the premiums are usually gonnabe higher...then do I suppose the same for longer benefit periods!
Or is there an exception to such cases?
Posted: Fri Feb 13, 2009 07:47 am Post Subject:
The studies show that one is at greater risk of becoming disabled before he/she reaches to sixty. Both short term and long term disabilities can occur to someone resulting in loss of work and income. Therefore, one might not undervalue the importance of disability insurance at yearly age.
It becomes all more important if you are engaged in high risk job. Loads of health issues just surface with the age and you may find yourself uninsurable at the age of sixty.
Posted: Sat Feb 14, 2009 09:09 am Post Subject:
maze, why not if you are in your 60's??
Hi goodnatured
Although you have asked Maze in particular, I felt really tempted to answer. Disability insurance is meant to replace the income(partly or in some cases fully) that you would otherwise have generated had you been in a state to go to work. The benefits of disability insurance last for a specific number of years or until the time you retire which is in your 60s. Now, this limit is considered because once you retire, you will anyways not be dependent on your income and disability insurance is meant only to replace partly the money that you generate from your income.
Hence, there is no point trying to look for disability insurance if you have reached your 60s. I'm sure Maze will be around to answer your question :)
Posted: Mon Feb 16, 2009 11:20 am Post Subject: insurance
As I'm reading the above posts, I don't think I saw that anyone had said if you file for DI, that you have to PROVE you are Disabled in some way. In my 'field' you can't just file for DI and expect to get it. The 'clients' that I have had to have written statements from their Doctors and Specialists ( if needed) to 'at least 'qualify'.
Posted: Tue Jun 02, 2009 05:17 am Post Subject:
yes it is true there is no age about disablity insurence because any persone can be disable any time so i think the minimum age of disablity insurence is 18 yrs when you are exactly 18 ,one should get disablity insurance because it helps financialy as well as give moral support to disabled ,such insurence inhance confidence to the insured persone and help to live life fearless and tension free. [/b]
Posted: Tue Jun 02, 2009 05:17 am Post Subject:
yes it is true there is no age about disablity insurence because any persone can be disable any time so i think the minimum age of disablity insurence is 18 yrs when you are exactly 18 ,one should get disablity insurance because it helps financialy as well as give moral support to disabled ,such insurence inhance confidence to the insured persone and help to live life fearless and tension free. [/b]
Posted: Tue Jun 02, 2009 05:17 am Post Subject:
yes it is true there is no age about disablity insurence because any persone can be disable any time so i think the minimum age of disablity insurence is 18 yrs when you are exactly 18 ,one should get disablity insurance because it helps financialy as well as give moral support to disabled ,such insurence inhance confidence to the insured persone and help to live life fearless and tension free. [/b]
Posted: Wed Oct 27, 2010 07:34 am Post Subject:
The Disability insurance is very important element of protection. The matter is that as a result of accident the person can receive physical inability and will lose possibility to work. If it provides itself, receiving a salary, it means possibility deprivation to work, that is deprivation of the income. In that case without the policy it is possible to hope only for a modest national pension.
Disability Insurance
Posted: Wed Oct 27, 2010 12:24 pm Post Subject:
it means possibility deprivation to work, that is deprivation of the income. In that case without the policy it is possible to hope only for a modest national pension.
Obviously not anything relating to the USA.
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