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Disability Benefit Length - Short & Long Term Disability Protection Farmington NM

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.

Dr. Stephen Walker & Assoc.
(505) 473-5100
3530 Zafarano Dr.
Santa Fe, NM
 
Massachusetts Mutual Life Insurance Company
(505) 722-2253
100 W Hill Ave
Gallup, NM
 
Rio Grande Insurance Services
(505) 984-8216
1231 S Saint Francis Dr
Santa Fe, NM
 
Brazis & Associates
(505) 265-3629
3644 Thaxton Ave SE
Albuquerque, NM
 
Lovelace Premier Choice
(505) 232-1883
4101 Indian School Rd NE
Albuquerque, NM
 
Waldrop Insurance Organization
(505) 326-1123
5704 Indian Wells Ct
Farmington, NM
 
Brazis & Associates Wireless Service
(505) 730-8669
Albuquerque, NM
 
Lovelace Health Plan
(505) 262-1780
Albuquerque, NM
 
McDaniels John Doug Clu
(505) 393-6490
1601 N Turner St
Hobbs, NM
 

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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