goldicedance Posted March 24, 2008 Report Share Posted March 24, 2008 Last summer our finances were really strained when we had already settled on one house but hadn't yet sold our home. We borrowed money on my insurance policy. When I looked over the paperwork, I discovered that many years ago when we took out this policy, we purchased a feature called "disability benefit." I called the insurance company and learned the following: If they determined I had a disability when I stopped working in 2005, then I would not be responsible for paying insurance premiums for this life insurance policy. Today I learned that I had been approved. I was determined to have a disability back to 2005 and thus I became exempt from paying the premiums back to 2005; however, the life insurance policy is still in force.Yippee! Bad news - I have a disabilityGood news - I no longer have to pay premiumsI decided to post this topic since it is possible others out there who no longer work because of disability have a life insurance policy with a disability benefit.Lois Quote Link to comment Share on other sites More sharing options...
MightyMouse Posted March 25, 2008 Report Share Posted March 25, 2008 that's a nice, happy bit of news (not the POTS piece, of course, but the fact that you're done paying premiums!!!).Nina Quote Link to comment Share on other sites More sharing options...
flop Posted March 25, 2008 Report Share Posted March 25, 2008 Thanks for sharing - it is well worth knowing that being disabled may have hidden financial benefits!Flop Quote Link to comment Share on other sites More sharing options...
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