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Common Questions: When Disabled Must I Pay Policy Premiums? Must I Maintain Medical Malpractice Insurance While Disabled

Disability insurance premiums are paid for on an annual, quarterly, or semi-annual basis. Often your employer pays the premiums for group coverage. But what happens when you become disabled? Do you have to continue to pay the premiums? The answer is "yes", until the company determines that you qualify for disability income benefits. Once the insurance company notifies you that they have accepted the claim, if the policy contains a "wavier of premium" clause, you no longer have to pay your premiums. Keep in mind that you should have the company reimburse you for any premiums you paid during the investigation period.

Waiver of other premiums:  Often there is a provision in life insurance policies waiving your premium if you are determined to be totally disabled. Some mortgages contain a rider that provides that mortgage payments will be reduced or even waived if you are disabled. Some credit card companies will even reduce or waive interest payments on outstanding accounts if you become disabled.  Obtain these policies and contracts and review them carefully with your lawyer to determine if any of these options apply to you.

If you are a physician and you become disabled, medical malpractice insurance contains waivers of premiums too.  Typically you would need to keep malpractice insurance in place for several years after you stop working. Tail insurance means that the insurance company will still cover you for claims made for a period of time when you were working.  Bonny G. Rafel LLC, can help you with these issues.

Client Reviews
I was an Engineer in a Research and Development division of a major corporation, putting in longer hours with the same workload. An unrelated episode landed me in the hospital, where I was DXd with Primary Progressive Multiple Sclerosis, which explained my decline at work. I then learned that I had an employer policy that protected me from this type of a disability. Charlie
I would like to re-acknowledge what a difference your work has made in my life. When forced to retire 5 years ago, you dedication to helping me enroll into my disability policy has made all of the world of difference. George
I cannot thank you enough for successfully appealing my disability benefits. My special thanks also to Eileen for all of their assistance, support and expertise. Your legal expertise of disability benefit entitlement was evidenced by your comprehensive and knowledgeable litigation of my appeal. I read your appeal a number of times and each time I was impressed with your personal touch and special attention to the details of my case. I highly recommend you to colleagues, friends, and family who are in need of obtaining and keeping their disability benefits. I look forward to continued working with you over the next few years in maintaining my disability benefits. MaryJo