What would you like to do?
There's always unemployment insurance. For CA see the link below. If the query is in regards to Social Security Disability benefits, all necessary information concernin…g eligibility and filing (including down loadable forms) can be found on the related link below. Another thing to consider is, if you are also going to apply for unemployment benefits. Normally, the unemployment service requires you to be willing and able to seek employment. If you have a disability you're seeking insurance for, it indicates you may not be able to seek work and therefore could be rejected for unemployment benefits
DI is meant to support you financially when you can't work. Insurance companies do not wish to pay you the benefit if you can still do your job. So the answer is no. T…here may be some loopholes with very good coverage such as an Own Occ policy where if you were a Dr and could not do your job, you would collect DI but maybe still be able to flip burgers at the same time. Also, there are some benefits that allow you to work PT and still collect part of your DI.
A widow has gross income of 600 a week Her disability insurance coverage replaces 70 percent of her earnings after a four-week waiting period What amount would she receive in disability?
\nThe calculation is as follows: $600 x 52 (#of weeks in a year) divided by 12 (months). This monthly amount would be $2600 x 70% - Her base benefit would be $1820 per month. …Be sure to check the policy if her benefit would reduce by any other income such as retirement or social security. If so, the benefit would be less. The intention is that she would receiving about 70% of her income from all income sources combined.
If you receive Disability Income from a Long Term Disability Insurance Policy can creditors garnish the monthly income from this policy?
The answer to your question is yes. If creditors can garnish your wages if you were working, then they can garnish the income you receive from your disability prov…ider as well. The same procedures they would have to go through to garnish your wages from your employer, they would go through the disability company (filing court documents). Unfortunately, creditors consider any income you receive, working or not, as income.
We have a personal Disability Insureanc Policy for my husband. He is currently working on commission and is about to undergo knee replacement surgery. Can he get benefits from… both his employer and our personal policy?
Can insured person receive the entire policy amount from a single premium whole life policy before death if policy is paid up?
It depends on the type of policy. Take the policy and read the provisions. The value is generally listed on the back as pure endowment.
A provision of an insurance company is often called an automatic premium loan. A provision is often added to life insurance policies as a rider on an insurance policy that… has a cash value.
Can an insurance company require a disability beneficiary to repay benefits if the person is approved for Social Security disability?
The physical Disability insurance contract provided by the insurance company will have all of the information needed to determine whether they will want their money back if a …claimant is eligible for Social-Security (SS) benefits. If you have Disability insurance under a group policy (through work), there is a good chance that they will want a refund for benefits paid on any month that you were eligible and receive SS benefits. This will often be described very clearly in the contract. Group contracts will often offset your benefits, dollar-for-dollar (100%) with an benefits received from SS and family SS. In order to be sure, simply reference the contract you have. With individual Disability coverage you should know if any of your benefits will offset with SS benefits. Benefits are classified as "Base benefits", which do not offset or "Social Insurance benefits" which is an optional rider you can add to your coverage and will offset dollar-for-dollar with SS benefits. This information will be found in your original contract. In order to know for sure, you should reference the contract. *There are many different names for the Social insurance rider. Every company has their own variation, but the conditions are similar.
The 12 Mandatory Uniform Provisions are: 1. Entire contract - the policy, a copy of the application, and any riders 2. Time Limit on certain defenses (incontestable) - no sta…tement (except fraudulent) shall be used to deny a claim after the policy has been in force for at least 2 years. 3. Grace Period - a period of time after the premium due date before the policy lapses for non-payment of premium. 4. Reinstatement - allowing an insured to reinstate a premium that lapsed for nonpayment of premium if they pay past due premiums. They may require a reinstatement application to prove insurability 5. Notice of Claim - must be given in writing and is required within 20 days of loss or as soon as reasonably possible. 6. Claim Forms - must be received by the insured within 15 days after notice of claim 7. Proof of Loss - is required within 90 days of loss or as soon as possilbe 8. Time of Payment of Claims - all claims are to be paid immediately upon written proof of loss 9. Payment of Claims - death benefits are paid to the beneficiary and other benefits may be paid to insured or provider of services 10. Physical Exam & Autopsy - gives the insurer the right to examine at the insurer's expense 11. Legal Actions - Insured must wait 60 days after proof of loss before legal action can be brought against the insurer. 12. Change of Beneficiary - consent of beneficiary is not required unless beneficiary is irrevocable. Source: AD Banker Text Book
its called the deductible. ask an insurance company about it.
If a life insurance policy loan is made and the insured person dies before it is repaid will the beneficiary receive cash value or death benefits?
Subject to the terms and conditions of the policy, the outstanding balance of the policy loan (plus accrued loan interest, the rate of which will be stated in the policy) will… be deducted from the death benefit. The balance of the death benefit will be paid to the beneficiary.
disability ,then social security
There is no set time. Each case is different. You have to fill out forms and then send it into the social security office. They have to check it and then, most likely, get mor…e data from you. To start, contact your nearest social security office and tell them you want to file. Get the process going. It could take a year, more or less.
by being disabled.
If your question pertains to a private disability policy, the policy language will generally state that a claim for benefits must be filed "as soon as practicable". Group …policies generally have similar language. Broadly, this suggests some flexibility based upon the circumstances of the illness or injury that resulted in the disability. However, be certain to read the policy carefully to ensure that there is not a more specific tome frame for filing the claim.