What Are the Two Types of Disability Insurance?
There are two primary types of disability insurance. These are SSI and Workers' compensation insurance . Both policies pay a portion of the premium for disabled people but have different rules. In either case, the insured must pay the other half of the premium. A waiver of premium is an essential benefit of disability insurance, and many policies include one in their policies. You should always check the fine print to ensure that the waiver applies to you. Although most people don't realize it, they can benefit from long-term disability insurance. Unlike traditional health insurance, long-term disability insurance is voluntary and can even have a tax advantage. Furthermore, employers may be able to offer employees other types of coverage besides long-term disability, such as pet insurance, critical illness insurance, and cancer insurance. While a disability consultant might worry that employees will decide to skip long-term disability coverage in favor of other options, the fa