Federal employee disability insurance policies are available through several different insurance companies, including both larger and smaller insurance companies. You might actually be a good candidate for a federal employee disability insurance policy, so you may need to get in contact with one of these insurance companies to find out more about the policies that they offer and the premiums that they charge for these policies. These are a few signs that this might be something that you will want to look into soon.
1. You Are a Federal Employee
First and foremost, you should know that to qualify for one of these insurance policies, you will be required to be a federal employee or a federal contractor. Most federal employees who work at least 20 hours a week qualify for these policies. Not all federal contractors qualify, but some do, such as those who receive their pay through their contracting agency. Basically, if you are a part-time or full-time employee who works for the federal government, there is a good chance that this type of insurance policy is right for you.
2. You Don't Work for the Postal Service
Although most federal employees—and even some federal contractors—are eligible to purchase federal employee disability insurance from most companies, this is not the case for those who work for the postal service. Therefore, if you are a postal delivery driver or anyone else who works for the United States Postal Service, you will not qualify for the average federal employee disability insurance policy. Instead, you will need to look for a separate option that is designed for those who work in your industry.
3. You and Your Family Rely On Your Income
If you are like many federal employees or people who work in general, there is a good chance that you rely on your income to pay your bills and all of your expenses. It might not be just you who depends on your income, either; you might have a spouse and children who rely on your income, too. If this is the case, then you will probably want to look into one of these policies so that you and your loved ones will still have an income if you are disabled and unable to work because of it. With some policies, if you pass away while you are completely disabled, your beneficiaries might even receive your benefits after you die.