Car insurance companies’ rules vary so your wife might have coverage for a few days to give you time to contact your insurer and add her to the policy as a driver.  I...

What Is an Any-Occupation Policy? An any-occupation policy is a type of disability insurance that categorizes the kind of work for coverage purposes. Any-occupation...

What Is the Old-Age, Survivors, and Disability Insurance (OASDI) Program? The Old Age, Survivors, and Disability Insurance (OASDI) program is the official name...

What Is the Disability Insurance Trust Fund (DI)? The Disability Insurance Trust Fund (DI) is the smaller of two funds within the Social Security Trust Fund, established...

Long-term disability insurance generally costs between 1% and 3% of your income, but it’s well worth the price.1 About one in four young people will miss a year or...

What Is Total Permanent Disability? Total permanent disability (TPD) is a condition in which an individual is no longer able to work due to injuries. Total permanent...

What Is a Waiver of Premium Disability? Waiver of premium for disability is a provision in an insurance policy that states the insurance company will not require the...

According to the Social Security Administration, a 20-year-old worker has a one-in-four chance of becoming disabled before reaching full retirement age.1 Whether you're...

What Is a Hazardous Activity? Hazardous activity refers to a recreational pursuit that life or disability insurance policy considers high-risk. The...

If you become injured or ill, how long could you go without your usual paycheck? Studies indicate the average person couldn't make it six months before financial hardship set...

What Is Disability Income (DI) Insurance? The term disability income (DI) insurance refers to an insurance policy that provides income to individuals who can no longer work...

What Is a Noncancellable Insurance Policy? A noncancellable insurance policy is a life or disability insurance policy that an insurance company can’t cancel, increase...