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Milton Said:

Are Doctor notes considered legal documents in relation to insurance claims?

We Answered:

If it was the specialist who filled out the disability forms, that is who should be answering the questions for you now. Seems to me your family doctor was just answering truthfully--he is not the one certifying your disability.

Get your records from the specialist and try again.

Gladys Said:

what is the name of the insurance that pays off your mortgage in invent of death or disability?

We Answered:

In the Mortgage Banking Industry, this insurance is known as "Optional Insurance" and its premium is known as the Optional Insurance Premium (OIP).

Also, it's generally thought to be a huge rip-off.

Donna Said:

How much life insurance should I have and is it smart to have aditional disability insurance .?

We Answered:

First, it's good you are considering the future financial security of your family. Well done!

However, I think you are paying too much.

Check out Suze Orman at the Yahoo Finance Center. She has several great articles on all types of insurance. Read them all. I highly recommend it.

I think you will find that her suggestions would be to rollover the 403b so you can start getting interest on that account.

Also, she recommends Term life insurance as the way to go for your family's protection. Then, take the rest you were paying and invest it in safe, secure financial instruments that meet you and your family's financial goals.

Suze also has an article on disability insurance that you'll find helpful. She is a respected financial expert and has her own show and author of several books on personal finance.

I think that's a good place to start. Do your homework, set our your financial goals and research your options. Then sit down with a financial planner so you are aware of your options before you're swayed solely based on the knowledge of your financial planner.

I hope that helps! Take care and best of luck planning for your family's financial future. It sounds like you take this very seriously!

Teresa Said:

what if a insurance company stops paying your disability coverage on your home and it goes intoi power of sale

We Answered:

This is a particularly confusing question. It's just not very clear.

Your house went into foreclosure because you didn't pay the mortgage. You want to sue someone unspecified, because your house went into foreclosure.

Here in the US, you can sue anyone for anything. What are your chances of winning? Probably not good. YOU are ultimately responsible for the mortgage payments. And you are responsible to make sure the disability policy is paying the payment monthly.

Leroy Said:

How late do you have to be on your mortgage payments before a bank will start foreclosure procedings?

We Answered:

Definitely have her contact her mortgage company. Most mortgage lenders offer different types of assistance for extraordinary circumstances, but the most important thing to do is contact them immediately. There is a good chance that the mortgage lender can place her in a forbearance period where she will not have to make her payment for the next few months and then at the end of the forbearance period there will be a loan modification done to modify the loan due to the missed payments. There are also other programs that lenders offer to make reduced payments, temporarily suspend interest, etc... Call immediately.

A lender can begin foreclosure after the first payment is missed, this is usually called pre-foreclosure. However, most lenders will not begin foreclosure until the mortgage has been 90 days (3 months) past due. The longer she goes without making a payment the more detrimental it is going to be on her credit and such. Best of luck.

Jim Said:

Does home insurance have disability coverage?

We Answered:

homeinsurance.awardspace.us - try this one. Got my home insurance from them. As I know they provide such a service.