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DISABILITY
INSURANCE Disability insurance will
pay you for long-term disability. If you are unable to work, the insurance policy
will tell you how "unable to work" is defined. Things to find out when purchasing
a disability insurance plan are: - Are you
covered for "any occupation"?
- How long is the
waiting period?
- How long will payments last?
- ls
the policy portable and guaranteed renewable?
- Plans
generally cover 2/3 of the individuals income level after a specified length of
time
- Short term disability coverage can be purchased
to cover a percentage of the salary during the first 6 months
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