A good way to save on your insurance premiums is to actually allow the insurer to deny the insurance benefits which are based on the definition of disability.
The best coverage is the own occupation disability coverage, but is the most expensive as well.
The insurer will be required to pay the insurance benefits if the insured will not be able to perform any of the duties of his occupation because of the disability.
For instance, a nuclear physicist which is disabled and who cannot perform his duties because of this disable, but is able to perform part time will still be able to collect the insurance benefits.
Any coverage for any occupation disability is much worse, because the insurer will most likely half benefits as soon as the beneficiary will be able to work at any other occupation which is suitable considering his education.
For instance, a nuclear physicist which is disabled can be denied benefits if he is still able to practice the job at a college, teaching students, even if the salary will be much lower.
Although the cost savings can be quite significant for choosing the any occupation insurance policy, because to be able to collect a disability insurance benefit is not such an easy task, one should soon notice that is not worth it.
People have many choices which they can make if they are to consider the costs for disability insurance.
For instance, if people are to choose to invest all coverage options in an insurance policy, most of them will be able to choose right so the decision can meet their financial budget and also their insurance needs.