Who is a logical candidate for disability insurance?

Answer 1

You can get disability coverage after a disability under certain conditions. It depends upon the cause of your disability and how long you have been recovered. Each carrier has different underwriting standards.

Some insurers will offer a guaranteed issue to employer groups. Your ability to get coverage will depend upon the required percentage of eligible employees electing coverage.

Obtaining private disability insurance after sustaining a disability may be more tricky, because disability insurance is medically underwritten. From the insurer's perspective, it does not have the same "law of large numbers" with an individual policy (because only one person is insured), as it does in a group disability policy. In most cases, the initial disability will be ridered (meaning that there will be no coverage for it, and perhaps, related causes).

Answer 2

Although Social Security provide you financial assistant but it fails when you some how or other get some disability. In such cases disability insurance can benefits a man. Any person who can pay for insurance policy can take a disability insurance. Companies pay different disability insurance as per package.

Answer 3

A logical candidate for short term disability insurance is anyone with financial obligations such as rent, mortgage, car payments, but little or no savings. Should you become disabled you will quickly fall behind on these obligations with no income.

Long term disability is a fit for people with specialized physical skills. If you lose your ability to perform these tasks, you may be able to work, but at a job that pays far less. An own occupation policy will be very important to have in these circumstances.

Answer 4

You're eligible to receive a disability living allowance if you are under the age of 65. In order to receive a disability living allowance you must have walking difficulties or you need help looking after yourself. You need to have had the following difficulties for 3 months and you expect to have them for at least 6 months. You're also eligible for a disability living allowance if you have a progressive disease and do not expect to live more than 6 months.

Answer 5

Anyone who has a medical issue that prevents them from doing certain things such as working, walking long distances, or driving. I'd talk to your doctor about it if you're unsure.

Answer 6

by being disabled.