We talk a lot of the importance of acquiring a good disability policy with all the right definitions, clauses and riders. The working relationship with your agent/ advisor but the most crucial information you need when a disability occurs, is what to do next.
Get your disability income policy out and refresh yourself on the details. We always suggest that our clients do this at least once a year. This way if there is something that needs to be explained, or changed you can contact your agent and inquire. However, if it has been some time and you are now dealing with a disability give it a good read. Familiarize yourself with some of the important points like your elimination period, the benefit period, the amount of coverage. If your policy includes a 90 day elimination period for example we have to wait 90 days before the policy kicks in. You still need to pay your premium during that period but it will be refunded and waived once your policy begins to pay you. The benefit pe[...]