My motto is always be prepared this is why I want to buy a disability insurance.

Make sure that you know what the coverage includes as far as covered disabilities. Some plans include all types of disabilities no matter what the cause is such as AFLAC and The Hartford, others however only provide coverage for disabilities that result in a work related accident such as plans offered by CIGNA and StarBridge.

Generally, "long term disability insurance" refers to coverage that will be paid out for more than 6 months. When you are eligible, these policies pay you up to 80% of your wages. This could mean the difference between keeping your household together and losing your house.

Be careful

Some policies can never be canceled. This means as long as you make your monthly premiums on time, the insurance company cannot ever drop your policy.

Filed under: Gadgets

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