Articles Editor's Blog Reader Mail

Frequently Asked Disability Questions Lincoln NE

Cost of Living Adjustment ensures that the disability insurance benefit's paid to you will increase over time based on the cost of living. We assume that the cost of living will continue to go up and that is why disability insurance companies have COLA is an option. As usual, you increase the risk to the disability insurance company - and you will pay more for this type of policy.

Senior Market Supplements
(402) 467-0008
3915 Holdrege St
Lincoln, NE
 
Advanced Health Plans Inc.
(402) 312-7997
13520 Discovery Dr. Ste. 217
Omaha, NE
 
Midwest Medical Billing Service
(402) 504-4680
11977 South 202nd Street
Gretna, NE
 
McPike Brian & Christine
(402) 488-5100
8101 O St Ste 201
Lincoln, NE
 
American Family Insurance
(402) 493-6940
716 N 108th Ave
Omaha, NE
 
Healing Radiance Massage
(402) 880-7618
1216 Howard St
Omaha, NE
 
Senior Market Supplements
(402) 467-0008
3915 Holdrege St
Lincoln, NE
 
Med One of Nebraska
(402) 932-6331
P.O. Box 12083
Omaha, NE
 
American Family Insurance
(308) 534-1080
105 W D St
North Platte, NE
 
Benefits Plus
(308) 234-6411
4009 6th Ave Ste 51
Kearney, NE
 

Frequently Asked Disability Questions

Provided By: 

How Much Disability Insurance Benefit Do I Get?

What is a Cost of Living Adjustment (COLA)?
This ensures that the disability insurance benefit's paid to you will increase over time based on the cost of living. We assume that the cost of living will continue to go up and that is why disability insurance companies have COLA is an option. As usual, you increase the risk to the disability insurance company - and you will pay more for this type of policy.

Disability Insurance - What if I can't work full-time, but can work part-time?
You are not fully disabled, but you cannot work full time hours. In this case, if your disability insurance policy has a "residual" or a "partial disability" rider you can get back to work slowly. This rider allows you to receive a partial benefit while you have part-time work.

This particular rider is a great idea since it reduces risk to the disability insurance company and also lets you 'ease' back into work life after illness or accident. It doesn't normally cost you more, but you need to check the fine print.

Disability Insurance - What is a return of premium option?
This option provides for part of your premium to be returned to you, from the disability insurance company, if you have been claim free for a certain period.

While the return of disability insurance premium option looks like a good deal it really isn't. Get the right coverage (rather than less coverage) and pay the right disability insurance premium. Return of premium raises the stakes for the disability insurance company - and that's why you will either pay more upfront, or get less coverage.

This is a fairly unusual rider on a policy.

Disability Insurance - What does "Waiver of premium" provision mean?
This clause means that you do not have to pay premiums on the disability insurance policy after you're disabled for 90 days.

This actually makes sense. If you are disabled (and not making money) you don't want to have to be paying you...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap