International Mass Media And Communication

Therefore , disability indemnity net profits an income to the insured person who is not able to continue working because of the accident or unwellness . It can complement the health insurance and replace the muzzy income . To replace an income lost there are three elemental ways namely employers-paid disability insurance , social security measure disability benefits and individual disability income policies . Employer-paid disability insurance is authorization in some countries . Many employers provide some short-circuit status leave under this provision while facilitate a good number of them provide colossal term disability cover fester that ranges from five years to age of sixty five and even some extend for life timeSocial security disability benefits are paid to workers who have disability that is judge to last at least for twelve months , with severity to a point that no gainful work can be d sensation . The last type of income replacement is individual income insurance policies . It applies to workers with special circumstances from workers compensation like those which results from injury or illness related with job , auto insurance and those in department of Veterans Affairs .

The premiums for disabilities are based on age , sex , occupation and the amount of potential the lost income is to be protected . It is usually based on the likelihood of the handicap one can get from the nature of occupation one is engaged . If there is high probability of the risk therefore the premium cost is also relatively highSome of the disability policies pay benefits only if you are not able to perform the conventionality duties pertaining to your occupation while still others they pay if one is unavailing to do any job that is related to individual s reading and experience . It is worth noting that no laws demand employers to provide for long term disability cover . However almost half...If you essential to get a full essay, order it on our website: Ordercustompaper.com

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