Disability insurance companies can provide coverage to people with a disability or pre-existing conditions. This type of insurance is meant to a protect those who need it, but there are many options available that might not be the best financial option.
Disability insurance is a type of insurance that provides financial protection for individuals who are unable to work because of a disability.
There are many different types of disability insurance companies , and each offers different benefits and protections.
If you're considering getting disability insurance, here are three things to keep in mind:
1. What is the coverage amount? Disability insurance policies are typically have minimum coverage amounts, which vary by company. The higher the coverage amount, the more money you'll have available to you if you become disabled.
2. Are there age limits? Some disability insurance policies don't have an age limit, while others have a limit of 65 years old or older. If you're over 65 years old, be sure to ask your policy provider about whether you qualify for their coverage.
3. What is the term of the policy? Policies typically have a term of either six months or one year. Make sure you understand how long you'll have coverage before buying a policy.