HOME LAW INSURANCE


       
Find a Lawyer
Browse Insurance Law
Insurance Law Home Page

Resources
Free Case Review
Bad Faith Insurance Lawyers
Disability Insurance Forum
Disability Insurance Quotes and Information
Articles & FAQs
   Auto Insurance
   Business Insurance
»Disability Insurance
Insurance Law - Disability Insurance - General Disability Insurance Questions

  Page 24 of 30

There are a number of customizing features--some confusing, some expensive--that can be added to my personal coverage. Besides my insurance agent, can an attorney help sort fact from ploy?
Yes. Though your insurance agent will undoubtedly trumpet a menu of "juicy" options, some lushly priced, small business owners have special concerns and financial obligations. Before committing, talk with an attorney or accountant first who can scrutinize the advantages and drawbacks of offerings to help you avoid the ulcers.

A partial list of the most common "bells and whistle" features (called "riders" in insurance language) are:

(1) CPI cost of living adjustment (COLA): this automatically provides inflation protection and increases your coverage after a disability occurs.

(2) Guaranteed physical insurability: you can buy extra disability insurance in the future without passing medical muster.

(3) Residual benefit: this pays you partial benefits while you are easing back into work on a part-time basis without sacrificing coverage.

(4) Automatic increase in benefits: this feature automatically boosts your monthly benefit by a specified percentage before a disability occurs.

(5) Social Security: this option pays you what social security disability does not if you fail to get Social Security disability.

(6) Refund of premiums: this option refunds some of your premiums if you go10 years without filing a disability claim. Not all states allow this type of rider, because sometimes it is a rip-off.

(7) Lifetime benefits: your disability payments continue beyond age 65.
« View All General Disability Insurance Questions Pages Next Page »
« Free Case Review  
insurance lawyer





Get Legal Forms
Download 36,000+ forms
Law Forums
Search over 600,000 topics and answers in our law forums.
HACKER SAFE certified sites prevent over 99.9% of hacker crime. State Law Center | Legal Links | Site Map | Privacy Policy | Media | About Us | Contact Us

FreeAdvice® has been providing millions of consumers with outstanding advice, free, since 1995. While not a substitute for personal advice from a licensed professional, it is available AS IS, subject to our disclaimer and conditions of use. FreeAdvice®, AttorneyPages®, ExpertPages®, and LegalSoapbox™ are units or affiliates of Advice Company. All Rights Reserved © 1995-2008