Looking for disability insurance in PA?
Throughout your working lifetime, you are three times more likely to become disabled than you are to die before age 65.
Why then is it that people have historically been more likely to buy life insurance, not disability insurance?
The answer is simple: insurance consumers are confused by disability insurance. There are so many terms to understand that people typically give up, and end up not purchasing coverage at all.
The team at Rumer Insurance is here to help.
The Two Different Types of Disability Insurance
Important Disability Insurance Conditions
Non-cancelable
This means the policy cannot be canceled by the insurance company, except for nonpayment of premiums. This gives you the right to renew the policy every year without an increase in the premium or a reduction in benefits.
Guaranteed renewable
This gives you the right to renew the policy with the same benefits and not have the policy canceled by the company. However, your insurer has the right to increase your premiums as long as it does so for all other policyholders in the same rating class as you.
More Things To Consider
In addition to the traditional disability policies, there are several options you should consider when purchasing a policy:
If this sounds confusing, don’t worry. The team at Rumer Insurance is here to walk you through your options and make sure you get the best possible coverage for your needs and budget.
