Let’s get straight to the point. Whether or not your insurance company will pay your claim in the event of a disability often comes down to one word: Definition.
Insurance companies often offer various types of disability insurance products and many vary on the details surrounding their definition of a disability. Let’s say you get injured or sick and want to claim benefits from your Disability Insurance policy. In the event of a claim, and in order to meet the terms of the contract, you must meet their definition of a disability.
Before you decide to purchase disability insurance, explore how your insurance company classifies a ‘’disability’’. This may mean the difference between being well protected or barely protected!
Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at email@example.com