Cases Against Credit Card, Mortgage & Life Insurance Disability Plan Providers Lawsuits

What is a Disability Protection Plan?

Disability insurance provides a financial safety net. In the event you experience a disability, the benefits provided by disability insurance effectively replace a portion of your earned income. Disability coverage can prove to be invaluable. And in many cases, disability insurance should be considered before taking steps to achieve other financial goals.

Consumers see offerings for disability protection plans all the time. From mortgage companies to credit card companies, millions of consumers are buying these plans. In essence, these insurance plans, in return for a fixed monthly fee, are supposed to pay your mortgage or other bills while you are disabled. But in many instances, it doesn't work as hoped.

From hidden language you don't see to outright insurance company fraud, many disabled consumers learn that the coverage they paid for will not cover them, or that they are not disabled enough for coverage to kick in - even though they can't work to bring in income. Under such circumstances, it can mean the difference between paying your bills on time and losing all you own.

Did you lose your home, your car, your good credit or your life insurance policy because your disability protection plan didn't pay your bills as promised?