What Percentage of My Income Should My Long Term Disability Policy Cost On an Annual Basis?

What Percentage of My Income Should My Long Term Disability Policy Cost On an Annual Basis? Long Term Disability policy premiums will depend on your age, gender, health history and your occupation. An important factor is the policy elimination period which is a specific length of time that you would go without getting benefits. People usually choose a ninety-day period of time to go without benefits at the onset of their disability. When that time is up, the company starts paying you benefits. The longer your elimination period, the cheaper your premium. I’ve seen it...

01 November

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Is the Definition of Disability Important In a Disability Policy?

Posted by Nancy Cavey

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Is the Definition of Disability Important In a Disability Policy? Absolutely. Most disability policies will provide a payment of two years of benefits if you are unable to engage in your own occupation. However, Long Term Disability carriers will fudge on the definition of disability. You need to make sure that you understand what your own occupation means.It can mean an inability to engage in the material and substantial duties of your own occupation as performed in the national economy or inability to engage in material and substantial duties in your own occupation as performed by...

01 November

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Do I Really Need a Private Disability Insurance Policy If I Have a Policy Through Work?

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Do I Really Need a Private Disability Insurance Policy If I Have a Policy Through Work? ERISA Long Term Disability lawyer Nancy Cavey says yes. Many disability insurance policies provided by your employer only provide you with 60% of your salary with a maximum of $5,000-$10,000 in benefits. However, these benefits are taxable and you will get less than the 60% that you are used to. Can you and your family survive on 60% or less of your current income? Probably not. Private disability insurance attorney Nancy Cavey suggests that you buy a supplemental private disability...

01 November

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Why Do Long Term Disability Companies Complain About Paying For Conditions Like Lupus, CFS, Fibromyalgia or Other Self-Reported Conditions?

Posted by Nancy Cavey

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Getting insurance companies to pay disability benefits for medical conditions like Lupus, CFS, or Fibromyalgia is tough. Long Term Disability insurance companies like UNUM Provident, UNUM Life, ETNA, Standard, Prudential, Hartford, CIGNA, C.N.A. Liberty Mutual, Paul Revere, Reliance, MetLife and others do not like paying for conditions like CFS, Lupus and Fibromyalgia. If you are a Long Term Disability applicant or your CFS, Lupus or Fibromyalgia claim has been denied you need to watch this video: http://www.youtube.com/watch?v=1jJ4abaQq570...

Author: Nancy Cavey