Q. When do I start to receive my benefits?
A. The elimination period is typically defined by the number of days you must be disabled before policy benefits begin to accrue. You choose when you would like benefits to begin. The most popular elimination periods are 30, 60, 90, or 180 days.
Q. How long will my benefits last?
A. When you purchase your policy, you can choose how long you want your benefits to last. Typically you have the opinion 6 months, 1 year, 2 years, 5 years, 10 years, to age 65 or even lifetime, based on your occupation needs and company.
Q. Are my benefits paid to me in addition to Worker’s Compensation or Social Security?
A. Yes, the base policy benefits are paid directly to you. They are not reduced by the Worker’s Compensation or Social Security benefits you may be eligible for. If you choose the optional integrated Monthly Benefit Rider, those benefits are coordinated with Worker’s Compensation and Social Security
Q. What is the rule to thumb when it comes to the cost of premium?
A. Generally, the average cost is usually 2% – 3% of your annual income. However you can adjust the premium to fit your needs based on the elimination period, benefit period, additional riders and monthly benefit you choose.
Q. If I never use my coverage, will I get any of my premiums back?
A. It depends on the policy you have. Some carriers offer a return of premium rider which returns all your premiums at age 65, less any claims. Speak to your DisabilityAdvisor® for more details.
Q. How do I obtain my own income protection plan?
A. eDisabilityQuotes is one of the largest most recognized disability agencies online, we can help you design an income protection program that meets your needs. We will help you find the right insurance carrier, with the right protection for the right price. Contact one of our eDisabilityAdvisors(tm) today and protect your future.
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