How to Find Disability Plan Options That Guarantee Future Insurability

The best long-term disability insurance programs often offer the ability to guarantee your future insurability. This feature, often called the Future Increase Option (FIO), may become critically important to you in the future. This provision helps protect your insurability and, to a large degree, your future earnings or loss thereof. In reality, without this or a similar automatic increase rider, your future earnings are not protected at all. Your professional disability insurance will only protect you for your earnings level at the time you purchase the coverage. This provision normally guarantees your insurability for a specified period of time (up to age 55, 60, etc.) and allows you to increase your monthly benefit amount regardless of health issues you might face. When you want to increase your monthly income benefit -- one of the provisions in disability income insurance -- you normally only need to provide your insurer with your prior year tax return to show your increased regular income. Top rated disability insurance companies usually try their best to allow changes in terms or coverage to be as easy as possible on the insured. This is a good example of top disability insurance programs being user friendly. A future increase option could also be one of the most important disability plan options you consider. 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.