In my opinion, there is no disputing how important disability insurance is. Just go to www.gofundme.com to see the pain many people and families experience when a breadwinner is hurt or sick and can’t earn the income they need to continue their lifestyle.
Of course, the solution to many of these situations would be a comprehensive, affordable disability insurance policy. Their lives could have been so much better.
However, if you need disability insurance, you first need to understand how disability insurance underwriting works. Understanding how underwriting works is key to obtaining a disability insurance policy.
Are you looking for a $10,000 whole life insurance policy? Many options exist; however, you want to ensure you purchase the right type of policy.
Do you know many reasons exist why a life insurance company won’t pay out a death benefit?
As they say, “It’s all in a name.” In this case, the definition of disability in your policy determines whether or not you will receive benefits from your claim.