Getting Started with Disability Insurance
Disability insurance provides you with an income should you become sick or injured and unable to work. It helps protect against family financial catastrophe by giving you an income to meet daily expenses.
Disability insurance comes in two major forms:
- A variety of employer-paid and government-sponsored programs, generally cost-free to the recipient, covering certain categories of workers.
- Private policies (paid for by individuals) that protect income when there are no applicable employer or government programs or when those programs do not adequately meet income needs.
Disability coverage can last for different lengths of time. Short-term disability coverage provides benefits for a specified period of time, usually 13, 26, or 52 weeks, and up to a maximum of five years. A long-term policy may provide benefits up to age 65, or normal retirement age.
Here are some frequent questions that you might find helpful in understanding disability insurance:
What do policies consider a Disability?
How disabled must one be to receive benefits?
What is Presumptive Disability?
How much would Disablity payments be?
How soon after an injury do payments begin?
How long will you recieve disability payments?
Do disability payments keep pace with inflation?
Is it necessary to continue to pay the premiums after I am disabled?
Is my disablity policy renewable?
I own a small business. Do I need disablity protection?
To determine if you have enough income protection and to evaluate your specific needs, you should contact us or if you would like a quote go to our on-line disability quote form
