tag:blogger.com,1999:blog-2866888786685173714.post2849409726972462068..comments2023-10-11T11:25:01.862-04:00Comments on Insurance Coverage Law in Massachusetts: How to read an insurance policy: the known loss doctrine, part 1Nina Kallenhttp://www.blogger.com/profile/02994796080750727955noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2866888786685173714.post-10461433877810418582008-09-24T07:06:00.000-04:002008-09-24T07:06:00.000-04:00Disability insurance is similar to unemployment co...Disability insurance is similar to unemployment compensation, except that it is strictly voluntary and dependent on the insured paying premiums. If you become disabled and therefore unable to work, disability insurance will give you a monthly stipend based on a percentage of your income at the time you began purchasing the insurance. I have heard it said that disability insurance is generally a bad deal based on the price of premiums versus the likelihood of ever needing the insurance. To me, though, the fear of not being able to support my family if I become disabled makes the high premiums worth it.<BR/><BR/>Health insurance pays your medical costs after whatever deduction your plan has, regardless of whether or not you are working.Nina Kallenhttps://www.blogger.com/profile/02994796080750727955noreply@blogger.comtag:blogger.com,1999:blog-2866888786685173714.post-34709549498106943802008-09-23T11:19:00.000-04:002008-09-23T11:19:00.000-04:00I was confused about the difference between disabi...I was confused about the difference between disability insurance and health insurance. I found a page at https://www.disability-insurance-update.com/disability-insurance-options.html that did a pretty good job of explaining what it is and the options. An agent is going to call tomorrow to clear up a few things.Anonymousnoreply@blogger.com