Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can employees purchase additional LTD insurance to invest if they become disabled?

April 26, 2017additional disabled employees Insurance invest purchase

0

Posted

Can employees purchase additional LTD insurance to invest if they become disabled?

1 Answer

0

Posted

Most insurance companies severely limit the amount of disability insurance employees can purchase to limit the risk of anti-selection. In addition, even if the coverage were available, the cost would be relatively high and evidence of insurability would be required.