Disability insurance can help protect your income if you’re no longer able to work – but not all disability insurance policies are created equal. Depending on the type and term of policy you have, the process of qualifying for benefits can range from simple to incredibly complex. Learn more about the different types of disability insurance and the range of coverages available.
- You can buy disability insurance up to 66% of your monthly income, but there is usually a cap at $35,000 monthly.
- The definition of “disability” varies in every disability policy and the best definition is a true own occupation definition of disability.
- Individual disability policies are the best and you should avoid ERISA disability policies if possible.
As you can see, there is a wide range of disability insurance policies available, and it’s important to choose the right policy for your needs and risk factors.
If you’re on the fence when it comes to choosing a disability insurance policy, there’s no need to jump into it without some outside assistance. The experienced long term disability insurance attorneys at Dell Disability Lawyers can provide a free consultation to ensure that you’re fully aware of both the scope of disability insurance coverage and the process of qualifying for coverage.