Review and study your policy. It is important for you to understand your rights, obligations, what is covered and what is not covered.
Possible Limitations on Benefits Paid
The benefit provided by the policy is typically based on your previous earnings. If you experience a decrease in earnings after you purchase your coverage, your disability benefits may be adjusted accordingly.
The amount of benefits may be reduced depending on the total amount payable by all policies in the event you are covered by multiple policies. Social Security Disability Income benefits may reduce the amount of your private disability benefits if your policy contains a social security offset provision.
The policy may deny coverage for claims due to pre-existing conditions. A pre-existing condition is generally considered a health condition for which you received medical treatment or exhibited symptoms that usually require medical care, within a time period prior to the effective date of coverage. The time period may vary from contract to contract.
Act of War
Injuries and sicknesses resulting from war are excluded.
Any injury that is self-inflicted is excluded.
Work related disabilities may be excluded and receipt of workers compensation benefits may render an insured ineligible for benefits under a typical disability income insurance policy.