One thought on “WHAT ARE THE DISADVANTAGES OF GROUP DISABILITY INSURANCE?

  1. Arti says:

    The key advantage of group disability insurance is that it’s easy. Disability insurance through work is a fewthing known as group disability insurance. And in many cases, the company will pay for the benefit or provide it to you at very little cost. Private policies are portable, which means that once you get coverage, you keep it no matter what happens with your career as long as you’re staying current on your premiums. You typically just get your coverage with little to no effort on your part. The biggest disadvantage of group disability insurance is that it’sn’t portable — if you leave your job, you typically can’t take your insurance with you. If you get benefits through work, there’s a chance that one of those perks is disability insurance. It’s provided to you simply because you work for your company. In a few cases your new employer will offer a similar benefit. But that may not always be the case, which means you could be left without coverage for a period of time. While you’ve probably seen a fewthing about disability insurance when reviewing your benefits, it’s understandable if you aren’t sure how much you have or how it works.

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