Qualifying for disability can require a simple medical history, or it may require complicated health exams, blood work, medical documents and W2 forms. Understand the terms of a disability policy with information from a licensed life and health insurance representative in this free video on insurance.
This is John Pinelli, financial representative, talking to you today about how to qualify for a disability. Qualifying for a disability can be as simple as going on the Internet, researching a quote, providing some basic information; maybe some basic medical history, and submitting some other information to obtain your policy, or it can be as complicated as doing a full health exam with a medical questionnaire, blood, urine samples, full medical history, all the documents from every doctor you've ever seen, W2's which include your income, etc. These different requirements will depend on the underwriting of the insurance company that you go through. The more reputable the company, the better the policy, typically, the more stringent the underwriting is, so they will require more proof of insurability; possibly medical exams, documents, etc. Whereas, if you simply apply online through some of these basic online companies you may be able to find coverage that would be cheaper, but it will not be as quite as comprehensive. Understanding the terms of the policy will be up to you, because you will not have an agent to work with, but you may not have to provide much in terms of proof of insurability. Maybe you'll have to provide a brief medical history, or possibly not even that; maybe just your past income. So, this has been John Pinelli, financial representative, talking to you today about how to obtain a disability insurance coverage.