Is disability insurance mandatory?
Disability insurance is mandatory in five states: California, Hawaii, New Jersey, New York, and Rhode Island.
Is disability insurance mandatory in NJ?
NJ has state mandated short term disability insurance for workers of private companies. Public employees are exempt from the mandate, but can buy coverage should the group choose the option.
What is the Difference between disability insurance and disability income insurance?
Disability insurance by definition is a policy that replaces a portion of your income should you become unable to work due to illness or injury. The two are the same.
Why do disability insurance companies ask if you have other disability insurance?
Disability insurance often replaces up to 2/3 of your income. The idea is to keep money flowing in during times you are unable to work, but not to create an incentive for workers to stay disabled. ...
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What if you have disability insurance and become disabled can they take your car your credit and still ask for money when the disability insurance was purchased to cover that type of event in life?
It is your responsibility to see that the DI pays you and YOU pay the payments on time. rem your agreement with the lender stated that YOU would make the payments on a certain date. HOW you get tha...
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