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Disability Insurance

Discussion in 'Credit Talk' started by EAGLE, Aug 31, 2002.

  1. Aug 31, 2002 #1
    EAGLE

    EAGLE Well-Known Member

    Can any one reconmend a good INS.

    CO. for Disability Ins., w/reasonable rates,

    I have been putting this off, and should get

    covered now, while still young (30 something)

    and healthy to protect my family & credit.

    Any info. appreciated,

    Thanks
     
  3. Sep 1, 2002 #2
    breeze

    breeze Well-Known Member

    Here is a good site for information and links to good companies:

    http://www.about-disability-insurance.com/links.html


     
  4. Sep 1, 2002 #3
    breeze

    breeze Well-Known Member

    Let me add, mine is with Unum, which is now Unum-Provident. It is administered by Reinsure America (Swiss RE) - it has all been changed around since I got mine. Unum also merged with Paul Revere - so I guess the same, or similar products are available with all those companies.

    I have a short term DI policy with Colonial Life and Accident, which has a short elimination period (waiting period), and then the larger DI policy with Unum, which has a 6 month elimination period and would pay me until age 65. Doing it that way saved me money on monthly premiums, while still giving me the amount of insurance I need.

    Be sure you work with an agent who is experienced in disability insurance, because it has it's in-and-outs, depending on your occupation.
     
  5. Sep 2, 2002 #4
    EAGLE

    EAGLE Well-Known Member

    Thanks for the great info.!!!
     
  6. Sep 2, 2002 #5
    Why Chat

    Why Chat Well-Known Member

    Breeze has it right, a short term "indemnity" type policy + a long term regular disabilty policy is the way to go.In addition to the other benefits,many of the short term policies pay IN ADDITION to workman's comp. and other insurance.
     

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