The Nevada Division of Insurance offers comprehensive advice about what to consider before purchasing a long-term disability insurance policy. Important factors to consider include:
How the insurance company defines disability
What disability categories are covered
The monetary value of your benefits
Length of coverage
Whether the insurance company waives premiums once you are disabled
Cancellation and renewability policies.
These factors don’t matter if you have already been denied a claim. But if you are considering purchasing insurance or want to know if your insurance offers the benefits you expect, these are the factors you should consider.