News 2913 Disability Insurance Choose Right Policy

When purchasing long-term care insurance or disability insurance, there are a few things to keep in mind. How much do you take out? Do you need the maximum benefit or can you afford to get by on less money? You can save money by choosing a benefit less than the maximum. When will you need it? If you are in your 50s, or are in your 60s and are healthy, you may be able to pinch a few pennies by choosing a longer waiting period. For disability insurance, choose a "own-occupation" plan if it is available. this will cover you if you are unable to work at your current occupation and continues to pay benefits if you opt to work elsewhere during your disability leave. Make sure you always go over the fine print in any contract to make sure you are not agreeing to something that does not appeal to you, also try to find a noncancellable, guaranteed renewable policy.

Read more: What to Look for and Look Out for When Selecting Disability Insurance (PR Newswire via Yahoo! Finance) Purchasing disability insurance can be tricky and expensive, says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer.