What Is Health Insurance?

What Is Health Insurance?

The fourth type of health insurance coverage is disability insurance, which comes in three different forms. Disability insurance protects you in the event you become physically or mentally disabled due to an accident or illness. This type of insurance is designed to provide you with your living expenses if a disability prevents you from working or earning a living.

Disability income insurance is used as a principal income substitution plan or as an enhancement to your income continuance or group disability plan. This plan is devised to keep you economically secure during hard times by paying monthly wages directly to you when you are unable to work. Mortgage disability income insurance is designed to protect your most precious possession, your home. This policy specifically provides you with money meet your mortgage obligation if you become totally disabled. Individual credit disability insurance will help you pay off loan payments in equal monthly installments. In the event that you become totally disabled this plan will make payments on your behalf directly to the financial institution.

« Previous Page «     » Discuss it (all 4)   » Continue Reading »

Read More Articles, They Are Related to This Topic:;

Health Insurance For The Beginner
When it comes to your family, selecting the right health insurance plan could be one of the most crucial decisions you ever make. There are so many... Read more »

Consumer Directed Health Plans
Most of you have heard about "consumer directed health plans". The Bush administration has been a strong supporter of this concept as a... Read more »

Online Health Insurance Quotes - Finding The Cheapest Rates Possible
Shopping for health insurance can be very discouraging when you become aware of the costs. If you are in search of affordable health insurance, an... Read more »

Cheap Health Insurance Rates And Personal Health Insurance
If you've been out of school for a couple of years or perhaps just graduated from college, you're probably a candidate for cheap health insurance.... Read more »

Health Savings Accounts
Most people with health insurance, especially employer paid health insurance, really don't know what their health care costs are. Furthermore, in... Read more »