A disability insurance policy is a contract with an insurer. Through this agreement, an insurance company commits to paying a defined benefit in accordance with the policy’s terms in exchange for a premium. Your insurance agent can help you through the claims process, and you may have to undergo a verification process to qualify for benefits.
Additionally, policies vary with regard to the following:
Definition of disability
Premium
Benefit amount
Length of the benefit period
Waiting period
Work with your agent to discuss terms, features and available endorsements (e.g., residual benefits/partial disabilities benefit rider or cost of living adjustment rider). We can help you secure a policy that best addresses your needs.