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Disability Benefit Length - Short & Long Term Disability Protection Durant OK

Some insurance policies will cover you for a lifetime after a disabling accident or illness. Other disability insurance will only cover you for some period of years before benefit's will cease.

James Oplotnik
3621 Northwest 63rd St
Oklahoma City, OK
Company
Title: President
Company: Access Advisory Group LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Years Experience
Years Experience: 24
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insuranc

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Bass Insurance Agency
(405) 340-7396
2 E 11th suite 206
Edmond, OK
 
United American Insurance Company.
(918) 766-6125
4821 South Sheridan Suite 226
Tulsa, OK
 
Insphere Insurance Solutions
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Brittain & Assoc
(580) 323-1591
PO Box 1355
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ANCHOR INSURANCE AGENCY
(918) 688-6978
5810 E. SKELLY DR. STE. 620
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Oklahoma Health and Life Insurance
(405) 409-7884
4013 NW Expressway
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Delivering on the Promise
(405) 651-9090
mustang
mustang, OK
 
Allstate Insurance Companies
(580) 924-7990
301 W Main St
Durant, OK
 
Coffey Insurance Agency Inc
(580) 223-8041
208 W Broadway St
Ardmore, OK
 
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Disability Benefit Length - Short & Long Term Disability Protection

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Disability Benefit Length

For Short Term Disability (STD) the benefit period is generally 6 months. Then your Long Term Disability protection takes over.

Here is where it gets tricky: your Long term disability benefit period will depend on your disability insurance policy. Some insurance policies will cover you for a lifetime after a disabling accident or illness. Other disability insurance will only cover you for some period of years (usually between 2 and 4 years) before benefit's will cease. At this point it is expected that you will have re-trained for work suitable to your new physical / mental capabilities.

You play the odds with this choice. Do you think you would be willing to be retrained for other work? Or is your work of the type that you think you could get back into even if you were disabled? Let's say you are a computer programmer - even if you lost the use of your legs permanently you would likely still be able to program. However, if you are currently a football player and you lost the use of your legs your career is over.

The type of disability insurance policy you pick depends on what you know about your own abilities, preferences and the kind of work you do. If it is physical work, you might want to consider a lifetime disability insurance benefit period, despite the higher cost.

Also read the other disability insurance guide pages: How Much Will Disability Insurance Cost , How Can I Reduce the Cost of Disability Insurance , What's in a ...

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