Short-term vs long-term disability insurance - elimination period confusion
Getting my own disability policy as a dentist. Agent saying 60-day elimination period vs 90-day makes big premium difference. Also confused: 'own-occupation' definition vs 'any-occupation'. What elimination period makes sense and why does definition of disability matter so much?
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2 Answers· sorted by votes
Great question. As a licensed insurance professional, here is what you should know. The key is understanding how the coverage works in your specific situation, what gaps exist in your current protection, and what options best fit your budget and needs. Always read the fine print and compare multiple quotes before making a decision.
This is an important topic that many people have questions about. From a financial planning perspective, the right approach depends on your complete financial picture including your income, assets, dependents, and future goals. There is no one-size-fits-all answer, but understanding the fundamentals will help you make an informed decision.