answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: In which situation would disability insurance be useful?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Match each type of insurance with a situation in which the insurance would be useful.?

Life insurance: When you want to provide for your family after you die; Renter's insurance: When your personal possessions are stolen from your apartment; Disability insurance: When you have to take a month off from work because of an injury or illness; Liability insurance: When you cause a car accident that injures other people.


Is there a survivor benefit if someone with disability insurance dies?

This information would have to come from the payer of the disability insurance amounts.


Disability Insurance?

form_title=Disability Insurance form_header=Disability insurance will protect your income when you are unable to. Get a policy that will provide security for financial future. Do you currently have any disabilities?= () Yes () No Do you currently have any type of disability insurance?= () Yes () No Who would you like to add as a beneficiary?=_


What is the best company that offers disability insurance?

MetLife Disability Income is the best company that offers disability insurance. You can read more about Flexible Disability Income Insurance and Policies at metlife.com


Where can you learn more about disability insurance?

For disability insurance I would first start with my employer, most offer extra disability insurance for a discounted fee. I don't know a lot about other types but talking to a insurance agent should be a good source for information.


Where would I find information on Insurance in general, and disability insurance in particular?

You could obtain this information in advertisements in the newspaper, internet, and television. As for disability informatoin it would be more effective to call the office directly.


Can you receive disability from your job and disability from social security at the same time?

Yes, it is very common for disability insurance plans to include a clause for social security disability, meaning the insurance company will pay a portion of the monthly benefit, expecting that you would apply for social security benefits to pay for the "Supplemental Social Security benefits". In the event you get declined by Social Security, then the insurance company would cover the additional supplemental benefits. Employer group plans as well as individual disability insurance plans can include that clause.


Should you cancel a disability insurance policy if you take early retirement?

If you can afford to keep disability insurance, I would. As we get older, our bodies become fragile, and you want to be fully covered just in case.


My doctor told me i couldn't work because of difficulties during pregnancy can i get disability compensation?

If you have short term disability insurance, your disability due to pregnancy complications would be covered.


Can you collect disability insurance while recovering from surgery if you have been working for 35 years but are currently unemployed?

That would depend if you live in a state that provides disability insurance. The type of disability insurance would also depend on the seriousness of the surgery, i.e. is it short-term, work injury related (workers comp); longer term, permanent (SSDI); private insurance (depends on the insurance policy). The Related Link below is an excellent source for information on the above.


How to Look For Affordable Disability Insurance?

You would need to have extensive disability insurance if you want to be secure in the knowledge that you will be compensated should you suffer a disability or an injury. Any disability, whether it is temporary or permanent, is a hindrance in you being able to earn a steady source of income; it can also severely change the way of living you have been accustomed to. Finding the most affordable disability insurance with the best coverage is the best way to ensure that you and your loved ones will be taken care of should anything untoward happen to you.Step 1: Look at your current financial situation and what your income in the future is likely to look like. Your need for a comprehensive disability insurance coverage would be greater if you are the breadwinner, and you have a lot of people depending on your income.Step 2: Ask your employer if they can help you get an affordable disability insurance option; if this is not possible, you can consider being a member in a professional organization that offers great group disability insurance plans. It would be best to look for a group policy, as it would cost significantly lower than a single policy.Step 3: Check which factors would be considered in your eligibility for a disability insurance coverage. The most important factors that are being considered when setting the premium are annual income, occupation and age.Step 4: You might want to consider getting a disability insurance that has a short-term coverage, as this will generally cost less than one that is longer in length. Take into consideration your needs and the type of coverage you want if you are looking at a short-term policy.Step 5: Look into non-cancellable disability insurance policies, as the premiums will not get higher with the passing of time.Everyone wants to have affordable health care and insurance plans; the key to finding these policies is to exhaust all sources of information that you have - and to be patient while you are in the process of searching for the best disability insurance policy.


What is an extension of disability?

It means that the duration of your disability has been extended. The context of this would depend on who was telling you this, for example, your physician, your insurance company, your employer, etc.