Disability Insurance is a simple insurance cover that makes sure that when you are unable to work due to disability you are not affected by huge financial losses. There are a number of companies offering these insurance cover. It is, thus, pertinent that you shop around a little and find if you are getting the best deal, which means best coverage for as little as possible.
Broadly, there are two kinds of disabilty insurance- short term and long term. In case of short term disability insurance the benefit does not stretch beyond a term of two year while a long term policy can be extended up to one’s entire lifetime.
Taking insurance policy is a serious decision because in the time of hardship it can be a dependable helping hand, but if you chose the wrong one it may indeed add to your miseries. Hence, take every possible care and ensure that when you sign the papers you are very well aware of its implications to last detail. Do not consider one or a few benefits, but the whole of it in totality.
Remember, your policy can be canceled only by you and not by the insurance provider except when you default on premiums. Not only that, the insurance providers...
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