What should I consider when purchasing a disability policy as a self-employed business owner?
The coverage you consider necessary to maintain your lifestyle in the event of a disabling condition that prevents you from working is key. Other factors include an understanding of the claims process. Consider whether you will have to prove your earnings or income before becoming disabled. This could be important to discuss with your accountant so that you do not structure your finances in a way that makes it impossible for you to qualify for disability benefits. A qualified insurance agent should take all necessary factors into consideration when proposing coverage options, so ask them to do that.
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DISABILITY SECRETS: Learn What Your Insurance Company Is Hiding From You!
This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut
off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.