Brand new here. I would like to get some advice on supplemental disability insurance.
I am 40, in a non-surgical field. I have long term disability from my group with SUNLIFE(MGIS). It has a 2-year own occupation period followed by any occupation period until age 65. I think I will be fine living with 60% of the salary should I become disabled. However I am concerned about having own occupation period for only 2 years. For example the disability may prevent one from working as a physician but the insurance company might think you can still work as a greeter at Walmart.
What type of own occupation supplemental disability insurance do I need so that I don’t need to worry about not being able to work in my own occupation for the long term?
What amount of coverage should I look for?
I am 40, in a non-surgical field. I have long term disability from my group with SUNLIFE(MGIS). It has a 2-year own occupation period followed by any occupation period until age 65. I think I will be fine living with 60% of the salary should I become disabled. However I am concerned about having own occupation period for only 2 years. For example the disability may prevent one from working as a physician but the insurance company might think you can still work as a greeter at Walmart.
What type of own occupation supplemental disability insurance do I need so that I don’t need to worry about not being able to work in my own occupation for the long term?
What amount of coverage should I look for?
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