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| *Loan,banking and credit>>>disability insurance |
How important is it to have disability and suplemental insurance today? Does Aflac offer good benefits? |
How important is it to have disability and suplemental insurance today? Does Aflac offer good benefits? Disability insurance is great, and I highly recommend it. Think about it, if you are young you are much more likely to become disabled rather than to die. Disability is an excellent product. Aflac is good, just make sure you really read the policy that you choose from them, some are much better than others. Good Luck! If you can afford it at all, it's totally essential. An unexpected hospital stay, being off work due to disease or injury, expensive prescriptions needed, any of these things can leave you bankrupt fast, if not prepared. Disability ins. especially. If off work, there are still living expenses, car and house payments, utilities--they all still need paid. Aflac--cute duck, but other than that, no clue. Been there, done that. Still paying hospital bills from 1998. Would have lost my house if my co-workers didn't take up a collection for house payments until SSI kicked in. Be wary. I had purchased disability insurance through my former employer for over ten years, then was injured in an accident, severly injured and disabled from work. When I checked into the insurance, the policy paid out very minimally and pays out for only 1 year, then required an examination by its doctor who will determine if there is any work in any way, shape or form (irregardless of pay) that you can do in any way, shape or form, at which time the policy terminates. This decision is irregardless of what your attending physician recommends. I paid out more in premiums than the pay out when I did sustain a claim. If the disability insurance concurs that you are still disabled, our policy's maximum time that it would pay was 2 years. This was not how the policy was presented to us when we were offerred this "benefit" to enroll in. While any money is helpful, calculate what the payout would be and for how long. It may be more economically sound to put the money in a savings account and draw interest. |
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