Along with having two different types of insurance policies, and there are also two different protection features. Protection is provided for you to make sure you will not be treated unfairly because of your inability to work. However, means that some of the non-payment of your premiums you can cancel your insurance policy for no reason. With this kind of policy will lock in your premium and will not risk reduction in benefits. On the other hand, is a guaranteed renewable policy means that the same benefits will be available each year. The only way that will increase your insurance premium if the policyholder within the same category classification as yourself also increases.
While there are many options when choosing a disability insurance as well, these are the most popular choices. It is important to discuss all the options available when choosing a disability insurance policy to make sure you know what will happen in the event of an accident or illness. Research your options to find the best option for you and your family.
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