How to Insure Your Income: Trends in the Disability Income Field Introduction

In recent years, primarily due to poor claims experience, many insurance companies offering disability income products have experimented with ways to control claims. This has resulted in changes in underwriting, changes in amounts of coverage offered and changes in the actual contract itself.

This chapter will address these trends, as well as the direction in which the industry appears to be moving with regard to disability income policies. As a consumer, you need to be aware -- continuously -- of the changing face of income insurance and the trends emerging in this field.