Things You Need to Know about Buying Disability Insurance Coverage on Your Own
While many organizations offer disability insurance policy to their workers, the employer-sponsored insurance policies cover only a part of the base salary of the employees. It is a good idea to buy disability insurance on your own if your salary far exceeds the cap or you are dependent on commissions or incentives. You should also consider buying a policy if you are self-employed. A disability insurance company will take into account all your different sources of disability insurance to ascertain how much coverage you can buy. In general, you may not be able to replace more than 75% of your income from all the sources combined. It is important to choose the best disability insurance company to get yourself insured. Benefits of Buying Your Own Policy You can customize the insurance coverage as per your specific requirements; you can add extra features like adjustments of annual cost of living Pick the disability insurance company that offers the best deal You can carry forward...