Disability insurance policies are designed to pay part
\nof your wages should you be injured in an accident or
\nare unable to work because of illness. Here are two
\ntypes of policies available: long-term disability and
\nshort-term disability.<\/p>\n
Short term disability pays a portion of your wages
\nshould you be out of work due to injury for up to one
\nyear. Some employers pay for this benefit for their
\nemployees, some offer it for employees to purchase.<\/p>\n
If you have a pre-existing medical condition, the time
\nto enroll is during the initial enrollment period when
\na medical exam is not required.<\/p>\n
Replacement of wages is only partial; insurance
\nunderwriters, as well as your employer, want you back
\nat work as soon as possible. Usually there is a
\nwaiting period of 14 days in which you will not
\nreceive payment.<\/p>\n
Long term disability policies are purchased to replace
\nwhat your potential earnings would be from the time
\nyou become disabled until age 65 when Medicare would
\nbe available.<\/p>\n
For instance, if you are 55 and make $40,000 per year,
\nyou should purchase a policy for $400,000.<\/p>\n
You cannot get a long term disability policy if<\/p>\n
(1) you are or are soon to be pregnant,<\/p>\n
(2) make less than $18,000 per year,<\/p>\n
(3) are unemployed, or<\/p>\n
(4) you are required to carry a weapon for your job.<\/p>\n
Typically, the waiting period for long-term insurance
\nto kick is at least 60 days and as much as a year.<\/p>\n
Disability insurance is an important aspect of your
\noverall insurance coverage plan, and if your employer
\noffers it as a benefit you should definitely consider
\nit as a wise investment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Disability insurance policies are designed to pay part of your wages should you be injured in an accident or are unable to work because of illness. Here are two types of policies available: long-term disability and short-term disability. Short term disability pays a portion of your wages should you be out of work due to …<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[157],"tags":[247,246,220],"_links":{"self":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts\/220"}],"collection":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/comments?post=220"}],"version-history":[{"count":1,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts\/220\/revisions"}],"predecessor-version":[{"id":221,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts\/220\/revisions\/221"}],"wp:attachment":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/media?parent=220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/categories?post=220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/tags?post=220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}