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Disability Insurance Made Easy FAQ

DIME Questions and Answers

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What is DIME and what does it mean?
DIME stands for “Disability Insurance Made Easy.” Dime greatly simplifies the DI purchasing process, so you can get the Disability Insurance you need…fast! You can get a quote in seconds, and be covered in minutes in a single web session.
What ages qualify for a DIME DI policy?
DIME Disability insurance coverage is available to people between the ages of 18 and 60.
Do I have to work in any particular type of occupation to qualify for DIME DI?
No. We offer disability insurance to a wide variety of occupations. Most workers in most types of jobs can qualify.
What if I’m a smoker? Can I still apply?
Do I need to produce financial documentation during the application process?
No. No personal financial documentation required when applying. No need for tax returns or paycheck stubs with DIME.
In which U.S. states is DIME Disability Insurance available?
Coverage is available in 45 states and the District of Columbia. We do not currently offer coverage in CA, FL, MT, SD or NY. However, coverage should be available in those states in the near future.
What payment options can I use for DIME DI?
You can pay for you DI policy with a credit card (MasterCard, VISA, Discover and PayPal), debit card, or checking account draft. Payments can be made on an annual, semi-annual, quarterly, or monthly basis.
Can I change my mind?
Yes. You have a 30-day “free-look” period. If you change your mind within the first 30 days of the policy, you can cancel the policy and get a full refund, no questions asked.
How long does it takes before my DIME DI benefits begin?
Coverage starts immediately, but your benefits wouldn’t be payable until after the waiting period of your disability policy.
How much will I receive each month in disability insurance if I qualify?
That depends, of course, on how much coverage you buy. You can buy up to 60% of your income up to $100,000, which translates into up to $5,000 per month in benefits.
How long will my DIME DI coverage last?
DIME DI coverage will stay in place as long as you pay for it, up to the first anniversary date of your policy on or after your 67th birthday. Benefits can last up to age 67, assuming you by the “to age 67” benefit period. Other options include 5-year, 2-year, and 1-year benefit periods. We strongly recommend the longest benefit period you can afford. A lengthy disability is miserable enough without compounding it with the financial hardship of having no income!
Is my DIME DI policy “Guaranteed Renewable”?
Yes. An AccuQuote DIME DI policy is “Guaranteed Renewable to Age 67.” In other words, your DI policy can’t be cancelled…as long as you pay your premiums. Your DI policy ends on the first policy anniversary on or after your 67th birthday.
Can I still work even though I’m out on disability?
Yes. There is a Rehabilitation and Retraining benefit (commonly known as “return to work”) that would pay benefits following filing a total disability claim.
What’s the difference between Disability Insurance, Income Protection Insurance, and Paycheck Protection?
There is no difference. “Income Protection Insurance” and “Paycheck Protection” are alternative names for Disability Insurance.
How is “disability” defined for DI purposes?
AccuQuote offers the traditional “Modified Own Occupation”: “While under the care of a physician, you are unable to perform the material and substantial duties of our Own Occupation and not engaged in any other Gainful Occupation.”
What is the definition of “Total Disability”?
“Total Disability” is defined as “being unable to perform the duties of your own occupation and not working in any occupation for which you are qualified by work, training or experience.”
What if I only have a “Partial Disability”?
Having only a “partial disability,” the insurance company will pay 50% of the monthly benefit for a period not greater than 12 months.
Does collecting SSDI (Social Security Disability Insurance) affect my DI policy benefit amount?
No. You can collect both.
What is a COLA rider?
COLA (Cost of Living Adjustment) is an optional rider that can be added to your DI policy. This COLA rider triggers an increase in your monthly benefit based on the CPI (Consumer Price Index) every 12 months from initial date of the disability. The COLA rider is available with the 5-year and to-age-67 benefit periods.
What insurance company is offering this type of DI policy, through DIME?
AccuQuote’s DIME DI policies are underwritten by National Guardian Life Insurance Company*. Established in 1910, National Guardian Life Insurance Company (NGL**) is one of America’s most successful, independent mutual life insurance companies. As a mutual company, NGL is controlled by its policyholders and operate in their best long-term interests. While adhering to the highest standards of quality and integrity, NGL strives to demonstrate its commitment to its policyholders and their families. As a longtime leader in the industry, NGL believes in its mission to partner with customers to share life’s financial risks and rewards. It’s a privilege to serve policyholders and partners by offering high-quality products and providing superior customer service. Licensed to do business in 49 states and the District of Columbia, NGL offers disability income, preneed, individual life and annuities, as well as group markets products including specialty and student insurance. NGL continues to be one of the most highly-rated companies in the industry, consecutively rated A- (Excellent) by A.M. Best*** which reflects a stable outlook. The A- rating further attests to NGL’s financial strength and ability to meet policyholder obligations. Learn more at www.NGLIC.com.

*National Guardian Life Insurance Company is not affiliated with the Guardian Life Insurance Company of America, a/k/a The Guardian or Guardian Life.

**NGL’s domiciliary address:

2 E. Gilman
Madison, WI 53703

***Based on current reporting year

Who do I contact if have any questions?
Call AccuQuote at 800-442-9899, during normal business hours, Monday – Friday, 7:30 a.m. to 7 p.m. and Saturday, 8 a.m. to 1 p.m. CST

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