Long Term Disability Insurance

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Short Term Disability Insurance
Long Term Disability Insurance

Long Term Disability Insurance

A serious illness or injury can harm more than your health-it can have an impact on your ability to work and meet your family's living expenses.

Long-term Disability Income Insurance helps you pay living expenses while you are unable to work.

Not all individual Disability Insurance policies are alike. The amount of income you would receive when disabled varies by policy. However, benefits from all sources are usually limited to 70-80 percent of your monthly salary. Policies that pay 50-60 percent of salary are most common.

Policies have either level premiums that are intended to stay constant over the life of the policy or premiums that increase as you age. If you plan to keep your policy in force long-term, a level premium policy may be appropriate. If you are uncertain about how long you will need the insurance, a policy with premiums that increase with age may be the better choice.

Policies have different waiting periods before you begin receiving benefits. You can lower the premiums you pay by waiting 90 days, six months, or even longer before starting to receive benefits.

The length of time that benefits can be received varies by policy. Some individual policies pay benefits for a specified period of time, such as two or five years, while others pay benefits until age 65.

Most individual policies are either non-cancellable or guaranteed renewable. With a non-cancellable policy, premiums can never be increased. Under a guaranteed renewable policy, premiums cannot be raised based on an individual's circumstances, but they can be increased for an entire class of policyholders. A guaranteed renewable policy may define how a class is determined for example; all policyholders in a county who own the same type of policy might constitute one class. Ask about the circumstances under which premiums can be raised and how classes are defined.

UKinsuranceNET are specialist insurance brokers in this type of disability insurance cover and we deal with all of the major UK insurance companies and underwriters. We are not tied to any one insurer and so we are able to arrange cost effective protection for you without compromising quality. Speak to one of our highly experienced consultants today on 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.