1.Protects Your Income:
IDV provides a safety net by replacing a portion of your income if you become disabled and can't work.
2.Customizable Coverage
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You can tailor IDV to fit your needs, ensuring you have the right amount of coverage to maintain your lifestyle.
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3.Complements Other Policies
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IDV can work alongside other insurance policies like health or life insurance to provide comprehensive protection.
4.Coverage for Various Disabilities
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It covers a wide range of disabilities, from temporary injuries to chronic illnesses, ensuring financial support during tough times.
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5.Flexible Payment Options
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You can choose payment options that suit your budget and financial goals, offering peace of mind without breaking the bank.
6.Tax Benefits
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In many cases, premiums for IDV may be tax-deductible, providing additional financial relief.
7.Portable Coverage
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Unlike some employer-based disability insurance, IDV stays with you even if you change jobs, giving you continuity and stability.
8.Early Application is Key :
Applying for IDV when you're young and healthy can result in lower premiums and better coverage, so it's wise to plan ahead.
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