There are many things you should be aware of when shopping for a disibility insurance policy. The best thing to do is talk to an agent that can help you determine what is best for you. However, here are some things to keep in mind:
Defininition of a disability - policies vary. Some pay benefits if you are unable to perform the dutities of your regular occupation, while others pay only if you can engage in no gainful employment at all.
Extent of disability
Presumptive disability - under some policies, even if you can still perform some or all of your regular job, you may be presumed fully disabiled and entitled to full benfits under certain specified conditions, such as loss of sight, speech, hearing or use of limbs.
Amount of Benefits
When payment begins
Length of coverage
Waiver or premium - if you've been disabled for more than 90 days you don't have to pay any more premium until your disability ends.
Non cancelable versus guaranteed renewal - be sure that coverage will continue. Ask about renewability.
The most important thing to ask about is what the policy does and does not cover. Again, be sure to speak with an agent that can help you figure out the best policy for you.
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