The Jacobs Company
Options Available with Disability Insurance
For a small extra cost, the disability insurance carrier will promise to sell you, in the future, specified amounts of extra disability insurance, even if your health deteriorates. While often a very good purchase, keep in mind that you must have enough income to financially qualify for the additional insurance at the time you may want to exercise your options. Also, these exercised options will be priced at your attained age, not your age at original issue. Finally, keep in mind that you generally cannot exercise these options while disabled.
This document was last modified on July 26, 1999
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