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Disability Insurance Policy Options Billings MT

Disability insurance varies widely. Some features of the policy may add value for you or may not. As usual, you must weigh your risk. Always remember that anything that increases risk for the insurance company will increase cost for you. So, if you want a larger percentage of your salary in benefit, it will cost you more.

US Health Group
(406) 696-0586
2305 Constellation trl.
Billings, MT
 
Affordable Health Insurance
(636) 391-2600
267 Clarkson Executive Park
St. Louis, MT
 
Trinity Massage Therapy
(406) 270-8394
1-14th Avenue West
Polson, MT
 
Metamorphosis
(406) 261-9321
302 1st Street W
Polson, MT
 
Danette Giono Insurance
(406) 439-6395
1125 Choteau Street
Helena, MT
 
John Shellenberger
P.O Box 4758
Bozeman, MT
Company
Company: Estate Conservation Associates
Education
Franklin & Marshall College A.B.
Stanford University M.A.
Years Experience
Years Experience: 34
Service
Supplemental Medicare Insurance,College Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Long-term Care Insurance,1031 Exchanges,Wealth Engineering,Stock Market Alternative,Wealth Management,Life Insurance,Inves

Data Provided by:
State Farm Insurance - Brad Daws; Agent
(406) 587-4010
1716 West Main St. Ste. 2
Bozeman, MT
 
Ken Shepherd Insurance
(406) 586-4334
3508 LaramieSuite1
Bozeman, MT
Prices and/or Promotions
Lowest Prices

Combined Insurance
(406) 885-7783
181 Jackson Peak Dr.
Kalispell, MT
 
Western Montana Medical Clinic
(406) 883-5680
6 Thirteenth Ave
East Polson, MT
 
Data Provided by:

Disability Insurance Policy Options

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Disability Insurance Policy

Disability insurance varies widely. Some features of the policy may add value for you or may not. As usual, you must weigh your risk. Always remember that anything that increases risk for the insurance company will increase cost for you. So, if you want a larger percentage of your salary in benefit, it will cost you more. If you want a cost of living adjustment on your benefit's if they extend beyond a year or two, this will also cost you more. Anything that you do that requires the insurance company to adopt more risk will cost you more in premium.

There are a number of questions to ask yourself as you examine a potential policy. However, one of the most critical is to find out how disability is defined. Pay very close attention to this.

Some policies will pay benefit's as soon as you can't do the work of your regular job because of illness or accident. However, others only pay if you can't do ANY job suitable for your education and experience. This could mean that you are forced to take a job well below your current jobs income potential and yet you won't qualify for benefit's to top you up to your former salary. This is something to think about. If you don't have some kind of coverage that will continue while you are both job-hunting and completing your recovery, you could be in a significant financial bind.

Further, some policies will define disability in terms of your existing job for only a limited period say 2 or 3 years and then will expect you to retrain for another occupation. You may get benefit's while you re-train, but you may not. In any case, your benefit's will cease. Again, you must consider if this is the kind of coverage that will work for you and your family.

The Cadillac policy is to have payments continue for your lifetime. Obviously, any policy that would pay you for a lifetime after an incapacitating illness or accident will be more expensive. You will have to decide if that makes sense for you ...

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