Disability Insurance Long Term by QuoteRetriever.com
QuoteRetriever.com is the leading website for information and guidance on disability insurance long term options for six figure professionals. If you are an executive, consultant, engineer, physician, resident, dentist, attorney, architect, computer programmer, business owner or any other highly paid professional you are our specialty.
We provide vital information as well as the ability to compare dozens of disability insurance products from the major A-rated companies. Many people are unaware of the important differences between the types of income protection plans available today. Our disability insurance long termspecialists you compare the differences between the policies available.
Protecting your most valuable asset and insuring your continued ability to earn an income is critical to your financial plan. This is why your disability insurance long term policy should be designed specifically you. The only type of policies that we compare are those that have an "own-occupation" definition of disability.
We understand that your time is valuable. This is why we pride ourselves on offering the most convenient process possible. Not only do we make finding the best policy at the best price a breeze but when it's time to apply your specialist will handle the application process and even arrange your medical exam if needed.
Protecting your most valuable asset has never been easier.
Disability Insurance Long Term Basics
The purpose of disability insurance long term is to replace the lost income from work should you become disabled, and unable to work. The disability insurance policy will stipulate when you are eligible to begin receiving benefits. Usually, you must be unable to work for a specified amount of time before disability benefits begin to be paid to you. The amount of the payments, the duration of coverage, and a description of exactly what constitutes a disability are contained in the policy. The premium for the policy is determined by a number of factors, including: the amount of the income payments, the length of payments, exactly what constitutes a disability, and such personal risk factors as the state of health and type of employment of the insured.
Learn more by attending a Disability Insurance Long Term Webinar or complete a Quote Request.
Who Needs Disability Insurance Long Term?
Simply put, if you have a job and depend on that income, you most likely need disability insurance long term. The possibility of a disabling illness or injury may seem remote, but statistics paint a different picture. Nearly one in three women can expect to suffer a disability that keeps them out of work for 90 days or longer at some point during their working years. For men, the odds are about one in four. And one worker in seven can expect to be disabled for five or more years before retirement.
For many, a sudden interruption of income could have serious financial consequences. Most of us have some kind of personal debt, typically a mortgage or credit card bills. Would you be able to maintain your standard of living if you were too ill or injured to work for an extended length of time? Half of all home foreclosures in the United States result from disability, as do an alarming number of personal bankruptcies.
Learn more by attending a Disability Insurance Long Term Webinar or complete a Quote Request.
Buying Disability Insurance Long Term
Once you and your disability insurance long term specialist have designed the best policy for your needs it is time to submit an application. Depending on the amount of coverage you are applying for you may be required to complete a paramedical exam. A paramedical exam is a mini physical exam that is conducted by a nurse at your home, your office, or one of the many examiners offices in your area. During this exam a nurse will check your blood pressure, height, weight, and ask you a series of medical questions. Depending on the amount of coverage you may also be given a blood test. This exam is paid for by the insurance company and becomes a part of your application.
In addition to the medical information needed you will also need to sign and return the application paperwork along with your financial documentation. Because you are insuring your income the underwriter will need to verify that the income which you are insuring actually exists. If you are a W-2 employee you will be asked to provide your most recent W-2 as well as your most recent pay stub with year to date earnings. If you are self-employed or a business owner you will be asked to provide your tax returns from the last two years.
You will return your application paperwork, financial documentation, and first month's premium to your disability insurance specialist who will process and forward the information along to the underwriting department at the insurance company. If the underwriter requests any additional information or clarification your agent will contact you. Once your disability insurance long term policy is approved your policy will be sent to our office for delivery.
Learn more by attending a Disability Insurance Long Term Webinar or complete a Quote Request.
