Who you, a Guru? After you read these 100 Disability Insurance tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Disability Insurance book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
July 4, 2008, Newsletter Issue #17: How Disability Insurance Elimination Period Clauses Work
1
Tip of the Week
Almost all standard disability insurance plans include what is termed an “elimination period.” This time frame in which benefits are not paid runs from the date of your covered disability to some period in the future. Generally, the most common elimination period for the best long term disability insurance policies is 90 days. As you search for the best disability insurance company for you, other elimination period choices of 30, 60, 180, and 365 days may be offered.
As noted, you’ll often have the choice of shortening the elimination period. However, you will notice a rather dramatic increase in the cost of disability insurance plans as you shorten the elimination period. For illustration purposes, you could equate this period with the deductible amount you’ve selected for your auto insurance. As your deductible goes down (e.g., from $1,000 to $500), your auto insurance premium can substantially increase.
The length of your elimination period operates in much the same way. Most professional disability insurance policyholders statistically opt for the 90-day choice because it appears to offer the best value for premium cost. Use ProtectYourIncome.com to help you understand your options and get the best disability insurance available.
Refer to your insurance policy contract for specific information regarding your coverage and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
Founded in 2000, LifeTips offers fresh tips and advice to millions of readers. Become a Guru on a topic you're an expert in. Become a Sponsor and keep the tips flowing and traffic going to your website!
