Navigation Links
Why Healthy People Should Consider Individual Disability Insurance
Date:10/16/2007

ONTARIO, Calif., Oct. 16 /PRNewswire/ -- When you are healthy, purchasing disability insurance can seem counter-intuitive. Purchasing disability insurance protects your most precious financial asset: your ability to earn a living, says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02 )

"Since disability insurance can be expensive, you want to make sure you buy the right type of policy, and keep an eye out for tricky language that could spell disaster, should the worst happen," says Darras. See http://www.darrasnews.com

Darras suggests:

-- Decide how much individual coverage you need. Do you buy the maximum

benefit or can you live on less?

-- How long can you go without benefits? To save money on premiums,

choose a longer waiting period. Expect to pay a substantial premium

for benefits that kick in within 30 days.

-- Obtain the longest benefit period possible -- at least until you reach

age 65. Considering a five-year benefit cap to cut premiums is risky,

since your disability might last much longer.

-- Look for "own-occupation" coverage. This pays benefits if a disability

leaves you unable to perform your job, even if you can still work in

another occupation.

-- Look closely at the fine print on exclusions and restrictions,

particularly if the premium seems too good to be true. Many policies

contain a fraud provision that allows the carrier to rescind your

policy at the time of claim if they find a false statement on your

application, so be truthful.

-- Look for non-cancellable, guaranteed renewable coverage. This means

your insurance company can't cancel your policy, increase your

premiums, or change the contract language, as long as you pay premiums

on time.

-- If you are young and expect to earn a lot, paying extra for COLA

(cost-of-living adjustment) is money well spent. It should keep you

ahead of inflation for the next 25 years if you become disabled.

Consider future increase options, which allow you to increase coverage

as you earn more money, regardless of your health.

Finally, 1 in 5 Americans become disabled for a year or more; 1/2 the bankruptcies files in 2006 were due to overwhelming medical bills from unforeseen accident or sickness. Protect yourself now, with an individual disability insurance that pays a tax-free benefit; should sickness or accident prevent you from working. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Frank N. Darras http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=39767


'/>"/>
SOURCE Frank N. Darras
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Want a Healthy brew? Have some Tea!
2. FDA allows barley producers to make healthy heart claims
3. For healthy lungs
4. Eat healthy fat
5. Healthy Medicine Or Harmful Intoxicant?
6. Healthy snacks improve nutrition of kids
7. Vitamin C maintains healthy lungs
8. Vitamin E is healthy for all
9. Drinking wine as part of a healthy living
10. Healthy ways to eat nourishing food
11. Change in weight not a risk in healthy men
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, ... at his family verbally and physically. , “When something upset him, he couldn’t control his ... it. He would throw rocks at my other children and say he was going to ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Global law firm ... 2016 Legal Elite. The attorneys chosen by their peers for this recognition are considered ... Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal Elite ...
(Date:6/24/2016)... ... 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited to ... Recovery® program to drive cancer patients to and from their cancer treatments. Comfort ... quality of life and ongoing independence. Getting to and from medical treatments is ...
(Date:6/24/2016)... Plano, TX (PRWEB) , ... June 24, 2016 , ... ... taking part in Genome magazine’s Code Talker Award, an essay contest in which patients ... for an award to be presented at the 2016 National Society of Genetic Counselors ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty Network, affiliated ... Weintraub as a prominent plastic surgeon and the network’s newest partner. , ... most handsome men, look naturally attractive. Plastic surgery should be invisible.” He stands ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... OAKLAND, N.J. , June 24, 2016 /PRNewswire/ ... in the design, development and manufacturing of collagen ... and regeneration announced today that Bill Messer ... Sales and Marketing to further leverage the growing ... surgery medical devices. Bill joins the ...
(Date:6/24/2016)... 24, 2016 ... the addition of the " Global Markets for ... This report focuses on ... updated review, including its applications in various applications. The ... which includes three main industries: pharmaceutical and biotechnology, food ...
(Date:6/24/2016)... June 24, 2016 Dehaier Medical Systems Ltd. ... which develops, markets and sells medical devices and wearable ... signed a strategic cooperation agreement with Hongyuan Supply Chain ... Chain") on June 20, 2016, to develop Dehaier,s new ... cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s sales ...
Breaking Medicine Technology: