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Old 11-16-2009, 10:56 AM   #21
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Originally Posted by dgoldenz View Post
You should check with MetLife to see what the premiums would be on conversion if leaving the job....would they stay the same or would they increase substantially? There are a lot of moving parts to disability insurance. Can I ask what the premium they quoted was and how much monthly benefit it gives you? If you don't want to post that here, I understand.
I did check that, and the premium stays the same if I leave the job. I'm not sure it's a "conversion" since it's an individual policy from the start, as I understand it. Unless there is something I missed ...

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Old 11-19-2009, 11:36 AM   #22
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Originally Posted by dgoldenz View Post
There are a lot of moving parts to disability insurance.
Amen. My policy is through my employer. I can keep it if/when I leave my current job. However, the maximum payout is based on my income prior to getting disabled. That is not an issue while I have my current job. However, if I was unemployed for say a year before becoming disabled, I would only receive a pittance. I don't blame the insurance company for wanting the clause, but it does limit the usefulness of the policy.

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