You can buy a non-cancelable and guaranteed renewable policy, a guaranteed renewable policy and a conditionally renewable policy. Obviously, a non-cancelable contract is the best because you lock in your rates and benefits. The insurance company can’t change them.
Completely avoid conditionally renewable policies because the long-term disability insurance company can put any condition on it, raise the rates, and change the policy terms.
Answering these broad-based questions isn’t easy. Help is a phone call away. You can contact Nancy Cavey, an experienced long-term disability attorney at 727-894-3188.