What To Look For When Buying Disability Insurance? 
There are many factors to consider when purchasing disability insurance . Here are some of the basics to keep in mind . First how much money do you keep in saving ? Could you pay your bills for 2 weeks , a month , 6 months or a year ? This will help you determine your elimination period . This is the time that passes between your medical diagnosis of the disability and when you begin to receive benefits . The most common are 30-60-90-180-360 days with long term disability . If you need benefits within days or a week , consider purchasing a short term disability plan to pay faster but only pays up to a shorter benefit period such as 6 months to a year . many people buy both short term and long term plans . The last thing to consider is benefit amount . Disability plans can pay out as high as 70 % of your current income . However , some plans only pay up to 50 % or lower . Be sure the amount is correct . I recommend using an independent disability insurance broker to shop for your options and find the right plan at the right price for your unique situation . Our advise is free and we are compensated by the insurance carrier . 