Disability insurance Disability insurance already insures children in case they are unable to work later on due to an accident or illness. Whether a disability insurance is necessary and what you have to pay attention to, you can read in the following article. Disability insurance – general information Disability insurance is almost exclusively taken out…
Child disability insurance An illness or accident in childhood can result in lifelong health impairments. In the worst case, those affected are unable to complete vocational training and later provide for their own living expenses. With child disability insurance, parents can ensure that their children are financially protected. Child disability insurance steps in if the…
Short-term and long-term disability insurance Without this type of insurance, for example, no construction site in the United States would open, or any other type of employment that could potentially cause harm to life and limb. This type of insurance pays out a portion of one’s income if one is unable to work because of…
Renewable Options. When buying a policy, make sure you understand how it can be renewed. Here are the most common phrases you will see: 1. Optional: Renews the original policy without increasing premiums to a specified age. 2. Guaranteed renewable option: the insurance company will renew your policy regularly, but it can raise premium rates…