by mouse1976 » Tue Oct 11, 2011 11:03 pm
Hi friends, I heard something shocking today! Is it true that one can lose his group coverage at work due to a merger or acquisition?
Thanks for answers
:)
Thanks for answers
:)
Posted: Tue Oct 11, 2011 11:26 pm Post Subject:
Yes. One can lose their group insurance simply because the insurance company doesn't want to cover the group or because the group doesn't want to pay for the insurance.
Posted: Tue Oct 11, 2011 11:40 pm Post Subject:
thanks a lot for this answer:) I have already another one...for me as an employee is it more important to have a short term or a long term disability income protection?
Posted: Wed Oct 12, 2011 07:22 am Post Subject:
It is generally better to go for a long-term disability coverage.
Most disabilities may last a short time, and you may be able to financially survive a short-term disability.
However, a long-term disability can seriously threaten your finances if you don't have insurance.
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