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Disability insurance is a type of insurance that will provide income in the event a worker is unable to perform their work and earn money due to a disability. There are many types of organizations that provide different types of disability insurance. Each organization and disability insurance type have specific rules as to what constitutes a disability and how a person might qualify to receive the disability benefit. Capital Blue Cross provides disability insurance, you can check out our service area to find the best plans. To know more details please visit here https://www.capitalbluemedicare.com/wps/portal/capm/home/enroll/benefit-2019/service-area-2019
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What are the types of disability insurance? There are two types of disability policies: Short-Term Disability (STD) and Long-Term Disability (LTD): Short-Term Disability policies - have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years. Long-Term Disability policies - have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life. Disability policies have two different protection features that are important to understand: Noncancelable means the policy cannot be canceled by the insurance company, except for nonpayment of premiums. Guaranteed renewable gives you the right to renew the policy with the same benefits and not have the policy canceled by the company. Source :iii.org www.capitalbluemedicare.com
