Guardian Disability Insurance: Explaining Coverage, Reviews And Cost of It

Life goes smoothly when you are physically fit. You can go to work and earn money for your daily life expenses. But when you face any kind of accident, and you cannot go to work to earn a living. Then life becomes difficult, so disabilities can hit you anytime. Therefore, you have an option for Guardian disability insurance that can provide you with critical financial safety. 

In this guide, we will cover everything you need to know about Guardian disability insurance. We will see every possible aspect of it, including reviews, claims, appeals, and when to consider hiring a lawyer.  

What is Guardian Disability Insurance?

Guardian disability insurance is a type of insurance that provides you with some financial assistance by replacing some portion of your salary. It is claimed that when you get disabled and are unable to work. This insurance can cover a disability or a serious illness.

Key features of Guardian disability insurance

• Monthly benefits

The guardian insurance disability gives you a monthly income that can cover some of your salary. And it can replace the lost income that was lost due to disability.

• Short-term and long-term coverage

The insurance covers both short and long-term policies, and it is one of the plus points of this insurance. As other insurance does not provide this kind of service.

• Individual policy or employer-sponsored.

You can get the policy for the individual and for your employers. By saving their future, they avoid getting disabled or get some serious illness.

Types of Guardian Disability Insurance Policies

There are some types of Guardian disability insurance that provide different facilities depending on your needs and wants. We will look at them and explore what they have for you.

Guardian Long term disability insurance

The long-term insurance provides you with insurance policies for the long term. That can cover up to 6 to one year and even till your retirement age. This insurance is very helpful if you want to have long-term insurance and does not bother you by constantly looking for policies every year. 

This policy includes the following things.

1. Time period

When you purchase this insurance, you can have the insurance for the long term, and it may last till your retirement. Which typically lasts until 65 years.

2. Elimination period 

There is a waiting period before starting the policy, and usually it starts after 90 to 180 days when you face any kind of disability.

3. Coverage

This can cover serious illnesses, surgeries, or some kind of chronic disease which does not let you from working for long. And you can get covered by getting this insurance.

Guardian short-term disability insurance

This type of insurance covers short-term disabilities and short-term illness; it may start from 3 to 6 months, depending on your disability intensity. And it is ideal for injuries, pregnancy, or short illnesses. The key points of this insurance are given below.

1. Temporary support

It is designed to provide you with some of your income from the salary that may support you in some ways. It can bridge income gaps.

2. Short elimination period 

This has the short elimination period than the long-term insurance, which may benefit you within a few weeks. 

3. Limited duration

Compared to the long-term insurance, this has a short period of policy coverage and by giving short time period for waiting after any kind of injury.

Guardian Life Disability Insurance Coverage details

Before you make any kind of decision to purchase the insurance, you should consider these points. So, you should understand what it covers and what limitations it has.

• Monthly benefit amount

It can cover up to 50 to 70% of your income when you have this policy. Which can significantly help you when you cannot earn.

• Waiting period 

The elimination period of this policy can vary by insurance type. If you buy the short-term policy, you have less elimination time, and when you have the long-term insurance, you have more waiting period than the short-term. Which might be from 90 to 180 days.

• Exclusions

When you have any pre-existing condition, such as a disease or illness, or even self-inflicted injuries. You might not qualify for this service. 

• Renewability

When your policy ends, you have to renew it on your own. But this can be renewed if you have guaranteed disability insurance.

Guardian Disability Insurance Reviews: What People Say About It?

Customer experience is a must to review, what they say about the insurance, and whether it is reliable to take or not. By watching this review, you can have more experience or knowledge about this insurance.

• Positive Reviews

People had reviewed it as reliable and giving long-term benefits. That gives you the peace of mind for life. 

• Strong customers support

Those customers who had purchased this policy had reviewed it positively, as it has support for initial claims.

• Flexible policy options

It can give you some flexible and financially friendly policy options that can give more edge over other insurance, so it is one of another good review of it by previous customers.

The common complaint

• Denied claims due to insufficient funds

People had also reported that they cannot meet the required documentation. Their claims had been denied due to it.

• Long processing time

As it has long time, people have complained about it. But this is because of the essential documentation that is required for the policy claims.

• Challenges during appeals

People also complain that when they go to claim the insurance, they are denied. This can happen because of insufficient documents, or it may be another cause for rejection.

Way to Fill Guardian Disability Insurance Claim

The thought of making a claim can be intimidating, but the more you know, the better your chances of success. Claims can be held up if information is missing or if there are differences in medical records, so it is important to be well prepared.

• Notify Guardian Life as soon as possible
• Submit all necessary medical records
• Cooperate with your physician to gather sufficient evidence of your disability.
• Keep track of deadlines and follow up regularly

When To Hire A Guardian Disability Insurance Lawyer?

Sometimes, you cannot claim your insurance due to insufficient documentation, or it can be because of many other reasons. A guardian life insurance lawyer can assist you in collecting the medical records and supporting evidence, and can properly represent your appeals. And you can look for a lawyer when your claims are denied, terminations, or due to faith issues.

Common Reasons Guardian Disability Claims Are Denied

There are certain reasons of denial of your guardian disability insurance are mentioned below. You can avoid them by knowing these things.

Reasons for rejection of the claim of insurance

• Insufficient medical evidence
• Policy exclusion for conditions
• Servelience finding for your claims
• Disputes over job duties 

Conclusion

Considering that Guardian Life Insurance is a good choice, whether you choose it for yourself or for your employees. It can give benefits when they are unable to work and will cover some of their salary income. Before going to purchase this policy, you should look for the above-mentioned elements. However, policy is designed to give you benefits, but it can be costly sometimes for you.

So if you are considering buying insurance for long term or short term injuries, you can look at InsureFinalexpense to get the best insurance available.