Content Overview
- Summary
- Eligibility
- Probation Period
- Pre-Existing Condition Provisions
- Total Disability Definition
- Elimination Period
- Offsets
- Benefit
- Survivor Benefit
- Partial Disability Or Residual Benefit
- Recurring Disabilities Provision
- Maximum Benefit Period
- Mental And Nervous Limitation
- Other Exclusions And Limitations
- Rehabilitative Training Or Employment
- Waiver Of Premium
- Conversion Privilege
- Insurance Company Financial Situation
- Income Taxability Of Disability Insurance Benefits
Disability Insurance: Long Term: Group
Insurance Company Financial Situation
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You can't rely on an income form a Disability Insurance policy if the insurer won't be able to pay the benefit, or if it goes out of business.
You can check the company's financial situation through third party rating agencies such as AM Best (www.ambest.com ), Standard and Poor's (www.standardandpoors.com ) or TheStreet.com (http://thestreet.com/ratings ) formerly Weiss Ratings.
Check with your state insurance department to find out whether there have been complaints about the company, and if so, what they are. For contact information for your state agency, see: www.naic.org .
Also check to see what, if anything, is known about the company at your local Better Business Bureau. For contact information, see: www.bbb.org .
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