Disability insurance is an income replacement policy. It pays you a monthly income amount if you are unable to work due to illness or injury.
Following are some of the reasons that you can file a claim for disability insurance:
- Serious illness
- Mental illness
- Serious injury
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How much money do get each month if I am injured or ill?It depends on your income. You can get up to 80% of your monthly taxable income.
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Does it matter if I smoke cigarettes?No, Smoking or non smoking doesn’t affect a disability insurance policy.
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Will disability insurance pay me if I get sick?Yes, if you have coverage for illness in your policy then you can file a claim for a sickness.
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Can anyone buy disability insurance policy?Yes, anyone can buy a disability insurance policy as long as you are earning income and it will be used to replace earned income in case of a disability.
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Does in insurance company verify my income to qualify me for disability insurance policy?Yes, income is verified at the time of the claim.
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How long will a disability insurance pay me?It depends on the benefit period that you have chosen.