What if you have disability insurance and become disabled can they take your car your credit and still ask for money when the disability insurance was purchased to cover that type of event in life?
It is your responsibility to see that the DI pays you and YOU pay the payments on time. rem your agreement with the lender stated that YOU would make the payments on a certain date. HOW you get that money is up to you.
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Mortgage insurance For mortgage - I don't know of any companies that offer unemployment coverage other than through the State, those links are on the disability page. If you are self employed you can get unemployment and disability at your option through the State (CA) if your an employee, it's ma…ndatory New answer 11/07/08 - if you are talking about private mortgage insurance, yes there are companies that offer PMI that have an option for disability and unemployment coverage. Add on answer 02/18/2011- You can purchase additional riders for the Mortgage Protection Insurance which is a form of Life Insurance with the premiums to be paid by the company if the owner is disabled or unemployed. Check with your agent first before jumping into any product and ask around. : Yes, you can add unemplyment mortgage protection, as well as disability income benefits to your mortgage insurance policy. A good agent can compare different rates from multiple companies and help you through the process. (MORE)
\n. \n Answer \n. \nHere is advice:\n. \n . Not only does it not make sense, you can't! It may, however, make very good sense, depending on your own personal situation, to buy Long Term Care insurance.\n . \n . If it were available to a person age 72 which I doubt, it would not make sen…se to purchase it. (MORE)
Answer . \nAre you asking about SSDI or a privately held Disability Insurance plan? SSDI will pay for life. If you are talking about DI insurance, it will pay as long as the policy allows. Benefit periods range from 6 mos to age 65 in most cases. You would need to reveiw the policy to see w…hat your plan allowed. Also check the definition of occupation, if it is "any" occ, you may not be collecting as long as you wish. 4lifeguild (MORE)
Workers comp or disability insurance . Workers compensation only applies if you are injured while at work performing your regular duties. You apply for it through the state. Disability insurance is generally sold by insurance companies, except for state disability insurance which only applies to… long term situations, and it covers income lost when you are not able to work due to an injury, illness, or other disabilities that prevent you from working. \n. \nWhat disability insurance pays or covers depends upon what is included or excluded in the policy. You employer pays for workers comp. You pay for disability insurance. Workers comp is limited by law, how much disability pays all depends on the type of coverage you buy. (MORE)
Try searching the Social Security webiste here http://www.ssa.gov/dibplan/index.htm Medicare would be considered a secondary payer and would have to have an EOB from the primary company before they could pay
There are too many variables to give you an answer. Age, Income, Health, the benefit structure within the policy, etc. Anywhere from $40 - $200 plu/minus. I can give you solid numbers based on your circumstances. 4lifeguild
Probably once you have enough retirement savings. Otherwise, it is one of the most valuable possessions you own and should be cherished not dropped.
If you are 62 and on disability are you still covered by your wife's COBRA insurance or will you need supplemental coverage?
If you pay the premium AND if you were "covered" before your wife separated employment then you are. Good question... COBRA is her right to extend the exact same coverage as she was enrolled in prior to leaving employment. I think you have 90 days to decide whether you want to extend the coverage. O…f course, it's at a higher rate because you'll be seeing the portion that the employer was paying on her behalf plus a small administrative fee but it will be difficult for you to get affordable coverage on your own at your age and that's if you find a carrier that will extend you coverage. I get calls all the time from your age group looking for insurance until Medicare kicks in but it's very difficult. I would recommend going to AARP if you want a hospital supplement or alternative. (MORE)
Homeowners insurance does not cover your mortgage if you becomedisabled. You would need to obtain mortgage protection insurancefor that.
If you are on disability and become the beneficiary of a life insurance does it affect your benefits?
When you are in receipt of disability living allowance or DLA as it is also known you will also be on another state benefit such as income support or invalidity benefit and when you receive the money from the life insurance upon which you are waiting you will need to contact your local benefit secti…on of the dhss to inform them of the extra money which you have received as it is by law that you signed a document when you made your application for the state benefit that you agreed to contact them should your circumstances change as will be the case for you and if the ammount of money which you receive is above a certain ammount then yes it could well affect your ammount of either income support or invalidity benefit but as long as you are still qualified to receive one of these benefits even if the ammount drops drastically as long as you receive something on one of these then your disability living allowance will not be affected and you do not have to imform the DLA benefit office of your windfall unless it affects your eligibility for receiving income support or invalidity benefit in which case you need to notify the DLA section of the dhss that your state benefit has been stopped and then because you are not receiving the same benefits as you were before that will make you also unentitled to receive disability living allowance as one of the criteria for being eligible for dla is that you must be in receipt of one of the other state benefits . (MORE)
If you live in Nevada an employer does not have to. In fact the Nevada will defend the employer, if an employee is injured on the job and the employer does not have W/C Insurance. I've been though this.
Disability insurance covers your ability to earn an income. If for any medical reason (illness or injury) you are not able to perform 100% of your duties of your occupation, you are considered disabled or partially disabled. Depending on the definition of disability on your policy, you may even get …paid a disability insurance benefit even if you can still work part time or have a loss of income of minimum 15-20% due to your disability/ health issue. (MORE)
Of course it is available. The limits are depending on what the disability is. You need to work with a reputable broker.
You can get disability coverage after a disability under certain conditions. It depends upon the cause of your disability and how long you have been recovered. Each carrier has different underwriting standards. Some insurers will offer a guaranteed issue to employer groups. Your ability to get co…verage will depend upon the required percentage of eligible employees electing coverage. Obtaining private disability insurance after sustaining a disability may be more tricky, because disability insurance is medically underwritten. From the insurer's perspective, it does not have the same "law of large numbers" with an individual policy (because only one person is insured), as it does in a group disability policy. In most cases, the initial disability will be ridered (meaning that there will be no coverage for it, and perhaps, related causes). (MORE)
Although Social Security provide you financial assistant but it fails when you some how or other get some disability. In such cases disability insurance can benefits a man. Any person who can pay for insurance policy can take a disability insurance. Companies pay different disability insurance as pe…r package. (MORE)
This is an impossible question to answer without knowing looking at your policy. There are many reasons a life insurance policy can be canceled and many ways to keep most policies in force. There is no way to tell you exactly what your are and are not covered without reviewing your exact policy (whi…ch is the binding contract that the insurance company must legally be responsible for, CAUTION: VERBAL OR WRITTEN agreements are not what you are entitled to unless those written agreements are bound in the policy itself NOT in the folder or packet with your policy in it). To be sure of what is true for your exact case get a free analysis from a team of professionals, just so there is no surprises. E-mail (email@example.com). (MORE)
It depends on your coverage. Some companies may cover the meds your child needs to take and the counseling/therapy if needed.
Disability insurance protects a person's most valuable financial asset, the ability to work and earn an income. Most of what people do and purchase throughout their lives will depend on their income and the expectation of their income continuing. People buy Disability insurance, because it insures… that if you are not able to work due to an injury or illness, you will still have an income source. It protects you, your family and your future from suffering a financial disaster if an unexpected illness or injury occurs. Think of it this way... If you earn an average of $100,000 per year and work for 40 years - Your income potential is $4,000,000. If someone gave you a machine that was designed to print out $4,000,000 over a 40-year period, would you insure it? We insure our cars and our homes which are worth much less than this. Shouldn't we insure our income, and ability to earn one? (MORE)
The insurance carrier will issue a 1099 with your disability income if it is subject to taxation. The benefit is taxed if you paid the premium pre-tax, or if your employer funded a portion of the premium.
If you're referring to private disability insurance, then your disability insurance contract will spell out the terms.If you're referring to Social Security then the current amount you can earn and still collect benefits is about $1000 per month.
There is no simple answer to this because pricing for Disability insurance is dependent on so many different things: Gender, age, Occupation risk, Health, benefit type, etc. To provide an accurate pricing, it is safe to estimate between 1-5% of your annual income.
Disability insurance by definition is a policy that replaces a portion of your income should you become unable to work due to illness or injury. The two are the same.
Disability insurance is mandatory in five states: California, Hawaii, New Jersey, New York, and Rhode Island.
This depends on the type of Disability insurance you have and also how bad the ulcer is. Normally, individual and group Disability insurance requires that you be unable to perform the material duties of your current occupation, in order to qualify and receive any benefits. If the ulcer is preve…nting you from working in your job, then there is a chance you may qualify for benefits. If it does not affect your ability to work, then you should not expect to receive benefits. If you are counting on Social Security Disability, you should not expect to be paid disability benefits. Social Security is significantly more difficult to qualify for. You must essentially be unable to do any form of work, in order to be considered disabled and eligible for benefits. (MORE)
For an individual: You would have to put in an application with a company that provides disability insurance. They will check your medical records, perform an exam, and also look into your financial statements and taxes to determine your eligibility. A large percentage of disability insurance applic…ations are rejected. It is more difficult to qualify for than life insurance. (MORE)
You can not get disability insurance after you are hurt and expect it to cover your lost income from your existing injury. You may be able to get a policy to cover future accidents and illnesses. You will need to qualify medically. Every insurer has different underwriting guidelines, so speak to …several different companies. The type of injury you suffered, the length of time since your injury, and your degree of recovery will all factor in to your ability to qualify for coverage. (MORE)
Disability Insurance pays when you get injured working. It's used to pay bills like the electric, and the mortgage.
Disability insurance often replaces up to 2/3 of your income. The idea is to keep money flowing in during times you are unable to work, but not to create an incentive for workers to stay disabled. Insurers want you returning to work as soon as possible, and shorter disabilities keep premiums afforda…ble. Insurance companies ask if you have other coverage in order to make sure that you won't be making more money while hurt than when at work. (MORE)
This would depend upon several factors which are not specified in the question: 1. What was the reason for the termination? A different result may inure if the firing were due to egregious actions by the employee, rather than, for example, a reduction in workforce; 2. When did the disabiling event… occur relative to the termination of employment? If before, it is more likely that benefits would be available. 3. Assuming that this was employer-provided disability insurance, what were the terms (language) of the policy? It may address this issue and provide for a finite period of benefits. Short-term disability insurance (which is the kind most often provided by an employer) normally pays benefits that are a percentage of earnings, and at that, often on a sliding downward scale. The fact that you were fired is not a "disability" contemplated by a disability insurance policy; therefore, if you are asking whether the fact of being fired triggers an entitlement to benefits, the answe is "No". (MORE)
Disability insurance is intended to replace income lost as a result of an illness or accident that is not excluded by the terms of the policy. Stated otherwise, it provides a source of replacement income, for a stated period of time, when the insured is unable to work because of an illness or an acc…ident if that illness or accident is not excluded from the scope of coverage. Disability insurance is medically underwritten, meaning that the insurer takes into account when considering the application the health condition of the applicant, including preexisting conditions. One applies for a stated monthly benefit and the premium is based, in part, on that amount. Disability policies also have "elimination periods", which are similar to "deductibles" on property and casualty policies. An elimination period is the period during which no benefits are payable following a qualifying disability. A longer elimination period will generally correlate to a lower monthly premium, because the insurer's obligation to pay will not be triggered until after the elimination period has passed. The definition of "disability" contained in the policy is also significant. In an "any occupation" policy, the insured must generally be unable to perform any work for which he/she is suited by experience or education in order to collect. In an "own occupation" policy, the insured must be unable to perform the material duties of the position that he/she had at the time of the qualifying disability. "Any occupation" policies are generally less costly than "own occupation policies". Disability coverage can be had in the form of a group policy (such as, through employment), or as an individual policy. There are also "short-term" versions of disability coverage which pay for a maximum of, for example, 90-120 days, and "long-term" policies which can, all other things being equal, pay until retirement age. (MORE)
yes in some States. I am not in the disability business so consider the source. But I want to respond that almost anything can be treated as a disability so long as it is not voluntary and it interferes with working a regular job. By 'voluntary' I am making reference to obesity or alcoholism whic…h are often treated as consequences of choice. I know in one document I read many years ago, the determining factor of whether a problem was a disability had to do with how it affected the job YOU ARE TRAINED IN. So my answer to your question is, Yes, it probably is covered. I can't say for sure because I don't know your policy. But the trouble may be in convincing them that the memory loss is sufficient enough to significantly interfere with your work. (MORE)
You have not stated the reason for the bed rest. Assuming that it is because you are recuperating from an injury or a medical condition, the underwriting guidelines of the disability insurer to which you are applying may provide that a further disability (loss of earnings) from that condition will b…e excluded in the future. The exclusion may be permanent (for the whole duration of the policy), or it may end after a specified period of time. When applying for disability insurance, it is generally necessary to document current earnings. This is because disability insurance, like other kinds of insurance, is intended to make you whole (or nearly so), and is not intended to be a moneymaking proposition. Assuming that you were gainfully employed prior to the bed rest, the insurer will likely deem that level of earnings to be your baseline. (MORE)
It is unclear what you are asking, but I will do my best. If you are asking whether you can buy a car with your disability payments (from a private insurer, Social Security Disability, or otherwise), yes. Keep in mind, though that that may leave you short for other needs, but it is business decis…ion for you to make. The payer of the disability benefits has no obligation to buy a car for you under ordinary circumstances. It would be the very odd situation that would require a disability payer to do so. Nonetheless, a private insurer may consider doing so as a means of facilitating your return to work and thereby no longer qualifying for disability. In the long run, it may be cheaper for it to go "out of policy" and do this, than paying benefits for a very long time. The contract controls what you can collect under a private policy; statutes control what you can collect under public sources of disability, such as Social Security Disability. (MORE)
Disability insurance covers you in case you are not able to work due to a disability. This may pay for your bills, medical expenses, and other costs of living.
Just about anyone can get term life insurance - as long as they are willing to pay what is asked. Different conditions will cause the price to skyrocket and limit the number of companies willing to insure you. Blindness will get you labeled "disabled" but it doesn't raise your premiums near as much …as stroke would. (MORE)
No. Auto Insurance provides coverage for accidental losses wheel operating your vehicle. To cover the finance note of a vehicle you would have to have purchased credit or finance note insurance offered to you by the dealership at the time of purchase.
Yes, you can still qualify to get disability insurance even if you had injuries or illnesses before. Depending on the status of your injury, it may be covered by a new disability insurance policy, or excluded. If your injury is excluded, it may still be covered in the future if you show improvements… and are no longer affected by the old injury. You will have to ask the insurance company to remove the exclusion (MORE)
It depends on the statute of limitations for liability claims in your state. It varies from state to state. Some can be as long as 6-10 years. Some can be as short as 2 years.
Only human beings are covered by disability insurance. If you want to insure cars, you require automobile insurance.
There are relatively few companies that provide disability insurance today. Among these: MetLife, Guardian, Principal, Ameritas, Assurity, Standard, Northwestern Mutual, Unum, Reliance, Fidelity Security, etc. A good agent can shop all these companies for you and get a comparison to find out which c…ompany is the best for your specific situation (occupation, health history, etc). (MORE)
If you set your alarm each morning to go to work, then you need to protect your paycheck!
Yes, and it's recommended to add supplemental disability insurance to cover closer to 100% of your income. If you have disability insurance through your employer, your benefit will be capped at 66% of your income. The benefit received from a group disability policy (through your employer) is taxable…. Supplemental disability insurance benefits are not taxable. You can add Catastrophic rider on an individual disability insurance policy, to cover up to 100% of your income in combination with your existing employer group DI. (MORE)
Most auto insurance policies have an optional coverage called work loss coverage that will pay for some amount of temporary disability if you are injured in an auto accident and have chosen to purchase this option on your policy.
Disability insurance covers any impairment that is previously unknown to the beneficiary. However, the beneficiary only provides partial wage replacement to workers who are unable to work due to their disability.
What you may be referring to is a disability waiver of premium. This is a provision that is generally available, for an additional premium, that waives the payment of premiums upon the disability of the person who is responsible for the payment of premiums. The disability waiver is, as stated, an o…ption that is usually selected at the inception of the policy. In direct answer to your question, not all policies have them. (MORE)
Mortgage life and disability insurance is offered by such companies as State Farm, Total Mortgage Protection, and Family Insurance. Of these, State Farm is probably the best, receiving an average score of 80 out of 100 on the website Viewpoints, based on 775 reviews. It is the second-best-rated in…surance company on the website, behind USAA. (MORE)
There are many places one might go to obtain a scooter. When a disabled individual is looking to get a scooter covered by insurance, the best resource is to speak directly with one's insurance company.
One can find information on life and disability insurance at their local bank or insurance agent. Online there are many resources available and multitude of advice. the governments of Canada and the United States both carry information and links on their official website about how to acquire infor…mation. Most sites are run by insurance companies and therefore the information given is not necessarily unbiased. Insurance providers once could check with include Great West, Sun-Life, TD Life and more. (MORE)
There are a number of UK companies that offer life and disability insurance. Some of those companies include 'Prudential', 'Aviva', 'Nationwide' and 'Sun Life'.
Disability insurance covers any loses in income that one may experience while recovering from injuries and illnesses. Insurance will replace some portion of worker's income during these periods of time.