How to Get Full Coverage from your Policy
The amount of disability insurance coverage that a policyholder receives is based on a wide array of factors, such as employment, premiums, and medical history. Here is a further breakdown of some of those factors.
Occupation Class: Depending on a person’s occupation, he or she will be placed into a particular occupation class. These judge how much the average person earns at the position and the level of risk associated with the job. Some high-risk positions are uninsurable, while high paying and low risk positions are put into a preferred occupation class.
Premiums: A person can decide how much to pay in premiums, which determines the level of coverage that is provided. Typically, up to 60% of a person’s income can be insured.
Medical History: Before insuring an individual, the provider will want to know what pre-existing conditions that person has suffered. Most carriers will require a medical examination in order to classify the person’s general health. A person with a better medical history who does not smoke, drink, or put themselves in unnecessary danger will get lower premiums and better coverage. Pre-existing conditions may not be covered by your plan.
Optional Policy Riders: Along with the basic coverage, you may also decide to tack on additional policy riders to your plan. Policy riders account for things like inflation, extra expenses, and other facets not normally covered by disability insurance.
Got DI provides numerous options for the top short and long term disability insurance rates for individuals in an array of professions. We'll assist you in picking the policy that suits your needs, to bring you adequate coverage. A few of the advantages we feature are:
- Compassionate customer service
- For small business owners, business overhead expenses keep you operational after an accident
- Buy short-term plans with shorter waiting benefits
- Best long-term disability insurance providers and companies
- We will consider options to help you find the ideal policy for your finances
- Own-occupation means that you can work in a different capacity while still receiving a percentage of your wages
Optional Policy Riders
To help you pick the best policy coverage, Got DI compares the optional policy riders from top coverage providers. Riders are voluntary bonuses you may choose to add with your policies that increase benefits in specific situations. Listed here are some of the additional riders we feature:
Accident Hospital Confinement Indemnity Benefits Rider
This rider will pay up to $500 for each day you’re hospitalized due to an accident. The benefit doubles for each day you need to remain in intensive care.
Accident Medical Expense Rider
You choose a maximum amount for the coverage ($1,000, $2,000, $3,000, or $5,000) and Got DI provide the total as a cash payment for medical-related expenses incurred following an injury.
Cost-of-Living Adjustment Rider
Since the cost of living is continually increasing with inflation, we provide this rider for your individual long-term rates to increase your benefits as long as you're handicapped to take into account the change in real value of money.
Future Insurability Option Rider
When you work hard, you'll be compensated with increased salary. This rider improves your base benefits when your salary goes up regardless of health status, permitting more versatility. It is only available with a long-term protection plan.