What type of financial information does a company need to underwrite disability income insurance?
When you apply for disability insurance coverage, don’t be surprised when the insurance company starts asking questions about your income and investments. The company needs this information to verify your earnings and to help ensure that you have an appropriate amount of coverage.The insurance company also will ask you to list all the taxable income you receive, including salary, wages, fees, commissions and draws. You may have to provide documentation, including copies of W-2 forms and possibly even your entire income tax return.