Claims: What Is Covered, and For How Long
The important variables regarding claims are listed below. Not every variable matters to every type of disability insurance, but most of these are generally relevant.
- Was the disability unpredictable (not resulting from previously-known chronic illness)?
- Was the disability incurred in the course of performing job-related duties?
- How long is the waiting period before claim payments start?
- What other insurance policies will pay claims for this event?
- How much money will be paid per week/month/pay period?
- For how many weeks/months/pay periods will payments continue?
- What if the beneficiary is not totally disabled, but only partially?
Read more about this topic: Disability Insurance
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