Because some disabilities are not obvious, you may not have income to cover your family during your life. However, disability insurance can provide this protection.
About disability life insurance:
Disability life insurance includes Prescription drug cover, Disability-related dental care, Disability wheelchair ramps, Dental equipment & materials, Work related disabilities(fitness issues, etc.).
• You can choose from a range of disability insurance plans, depending on needs.
• You don’t have to wait to get disability payments to cover your living expenses.
Pros of disability life insurance:
Disability life insurance is a vital insurance product and one of the most expensive in comparison to other life insurance products. It protects from risk, makes sure the needs of the insured are met.
• You can earn income and benefit from cash coming in.
• You can access cash in case you become incapacitated while receiving payments.
• You can invest payments.
Pros of disability life insurance:
Disability life insurance policy can be described as “lifetime” insurance. It helps you plan for your health caring expenses and living expenses in the event of an unfortunate health complication.
• Your disability can be related to a life insurance policy you already own.
• Some disability insurance providers will not pay or pay less than your policy amount.
Cons of disability life insurance:
Disability life insurance is different from a life policy. Insurance agents in United States are experienced in selling these policies. In UK, it is offered by most long term insurance companies.