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?

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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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Can you get mortgage insurance that includes life disability and unemployment?

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 (MORE)

Does it make sense to purchase disability insurance at age 72?

\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 (MORE)

How long will disability insurance pay if you are disabled for life?

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 (MORE)

Do you need disability insurance if you are covered by workman's comp?

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 (MORE)

What is general cost for disability insurance?

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

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 (MORE)

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 (MORE)

What does disability insurance cover?

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 (MORE)

Can you get disability insurance after a disability?

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 (MORE)

Who can get disability insurance?

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 (MORE)

If you become disabled can life insurance be cancelled?

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 (MORE)

Why should you purchase disability insurance?

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 (MORE)

Does a insurance disability issue a w2?

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.

What is the average cost of disability insurance?

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.

Can you collect disability insurance for an ulcer?

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 (MORE)

How do you get disability insurance?

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 (MORE)

Can you get short disability insurance after you get hurt?

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 (MORE)

Why do disability insurance companies ask if you have other disability insurance?

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 (MORE)

Can you get disability insurance if you are fired?

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 (MORE)

What are the coverage characteristics for disability insurance?

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 (MORE)

Is loss of memory covered by disability insurance?

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 (MORE)

Can you get disability insurance if you are on bed rest?

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 (MORE)

When you get a car on disability do they pay your insurance?

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 (MORE)

Can you get term life insurance if you are disabled?

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 (MORE)

Can you get disability insurance if you have pre injury?

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 (MORE)

What companies sell disability 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 (MORE)

Is there supplemental disability insurance?

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 (MORE)

Does Erie car insurance pay for short term disability?

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.

What is covered by disability insurance?

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.

Do all term life insurance policies have 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 (MORE)

Where can one find information on life and disability insurance?

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 (MORE)

What does disability insurance generally cover?

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.