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Long Term Disability Lincoln NE

Pay attention to how disability is defined in any policy you are considering. Also pay attention to whether all kinds of disability are covered or if your insurance only covers disability due to accident. While you will pay less for disability coverage for accident only, any unexpected serious illness (like a heart attack for instance, which is often silent before you experience it), could also put you at risk for an extended inability to work.

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
 
Senior Market Supplements
(402) 467-0008
3915 Holdrege St
Lincoln, NE
 
McPike Brian & Christine
(402) 488-5100
8101 O St Ste 201
Lincoln, NE
 
American Family Insurance
(402) 393-2924
7555 Maple St
Omaha, NE
 
Healing Radiance Massage
(402) 880-7618
1216 Howard St
Omaha, NE
 
Med One of Nebraska
(402) 932-6331
P.O. Box 12083
Omaha, NE
 
Midwest Medical Billing Service
(402) 504-4680
11977 South 202nd Street
Gretna, NE
 
American Family Insurance
(402) 333-2100
2626 S 158th Plz
Omaha, NE
 
Physicians Mutual Insurance Co
(402) 633-1000
2600 Dodge St
Omaha, NE
 

Long Term Disability

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Long Term Disability

Long Term Disability (LTD) takes over where Short Term Disability (STD) leaves off. If you are sick or incapacitated for longer than six months, you will need to have long-term disability insurance. In most cases, STD coverage expires after 6 months of illness or injury that prevents you from working. At this point, if you don't have LTD, your benefit's will cease.

Long Term Disability continues to provide you with income replacement for the period defined by your policy. That could be anywhere from 2 to 3 years to the rest of your life. The benefit period depends on the type of coverage you've purchased.

Again, it's critical to know the details of your coverage long before you have a problem. What percentage of your salary will your insurance benefit provide? Is there any kind of cost of living adjustment if your disability continues for longer than a year or two? Do you have to keep paying premiums once you are disabled?

Pay attention to how disability is defined in any policy you are considering. Also pay attention to whether all kinds of disability are covered or if your insurance only covers disability due to accident. While you will pay less for disability coverage for accident only, any unexpected serious illness (like a heart attack for instance, which is often silent before you experience it), could also put you at risk for an extended inability to work.

Also, you should know if your long-term coverage takes into account other disability programs, like Social Security. If it does, your disability pay could be even lower than the percentage of your salary that is stated as your benefit. Since you can actually depend on receiving any benefit's from Social Security, given today's tougher rules to qualify, the inclusion of these benefit's will have reduced your payout and you could be left hanging for the difference.

You might think that this insurance is a waste of your money. Of course, you never want to have to col...

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