DON’T GET LEFT PREMIUM POOR WITHOUT BENEFITS
Frank N. Darras, the nation’s leading insurance lawyer warns, “There are a lot of insurance companies out there that promise you the moon and the stars only to leave you premium poor and without the benefits you need in times of hardship.”
“Don’t sign on the dotted line with the first insurance company that makes big promises to you and don’t ignore the need for insurance just because life is too busy,” says Darras. “Be smart and shop intelligently. Be sure that what is being promised is what’s actually in writing and delivered in your policy.”
Here are some helpful suggestions from Darras:
Disability insurance:
-Purchase a policy when you are younger so the premiums are lower. - -Purchase the longest benefit period (length of time long term disability insurance benefit or short term disability insurance benefit will last) you can afford.
-Future increase options increase the monthly benefit amount as your income increases over the years without evidence of insurability. Long term disability insurance claim or short term disability insurance claims require exacting documentation and its wise to seek a top insurance lawyer before trying to fill out forms and deal with your group insurer.
-Group policies at work have very poor consumer remedies and when the employer pays the premiums the benefits are taxed. You are better off purchasing individual long term disability insurance coverage, short term disability policy or some type of supplemental disability insurance so you have the right to file a real lawsuit if your individual carrier wrongfully denies your benefits. Purchase an “own occupation” policy. This provision gets you paid if you can’t do the important duties of your occupation and allows you to work in another occupation and keep that money as well
LONG-TERM CARE
-- It’s suggested you wait until you are 60 to actually purchase Long-Term Care insurance.
-- Understand what services are covered, who has to provide the services and where they have to be provided under the conditions of the policy.
-- Be sure that custodial, intermediate and skilled care services are all covered.
-- Use a reputable insurance company. Don’t try save money on a policy because if the company is insolvent in 20 years when you are ready to collect benefits all of your premiums will have been for nothing.
LIFE INSURANCE
-- If you are the only one depending on your income and you have enough assets to cover funeral expenses, then life insurance may be unnecessary.
-- If you do have loved ones who depend on your income, then life insurance can provide peace of mind and give your family the financial support they need in the event of your death.
Tags: Insurance Claim California, Insurance Bad Faith Claims, Insurance Coverage Denial
Insurance Claim California Insurance Bad Faith Claims Insurance Coverage Denial
