- Understanding Disability Insurance with Pre-Existing Conditions
We know disability insurance is designed to provide coverage in case of illness or injury preventing work. But what if you’re already sick or injured when applying for coverage? Can you still apply? And will it pay out when filing a claim?
- Pre-Existing Conditions Explained
A pre-existing condition is a medical issue diagnosed before applying for insurance. Common conditions include diabetes, cancer, depression, asthma, HIV, and epilepsy.
- Important Facts about Disability Insurance with Pre-Existing Conditions
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Possibility of Coverage: Some policies may exclude pre-existing conditions, but you can often qualify for disability insurance even with a pre-existing condition. Benefits can be collected as long as the claim isn’t related to the pre-existing condition.
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Disqualification Risk: Serious or chronic conditions may disqualify you from benefits if the claim is related to the pre-existing condition.
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Evidence and Appeals: Extra evidence may be required to prove the claim isn’t related to a pre-existing condition. Seeking clarification on claim denials is recommended.
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Employer-Sponsored Options: Group plans from employers can offer coverage with pre-existing conditions, typically without underwriting or medical exams.
For more information on disability insurance coverage and finding the right policy, consider contacting an independent agent who works with multiple carriers. Honest disclosure of pre-existing conditions is crucial when applying for coverage.
