Why Disability Insurance matter?
Disability insurance is a critical component of a robust financial plan. It provides financial protection by replacing a portion of your income if you are unable to work due to illness or injury. Without disability insurance, you may struggle to cover everyday expenses, including rent or mortgage payments, utilities, groceries, and medical bills. Financial protection is essential to maintaining your standard of living and ensuring your financial stability during challenging time
Types of Disability Insurances
1
Long-term Disability Insurance
(LTD) provides financial protection by replacing a portion of your income for an extended period if you are unable to work due to a long-term illness, injury, or condition. Long-term disability insurance can cover you for several years, often until retirement age, depending on the policy terms
2
Short-term Disability Insurance
(STD) provides financial protection by replacing a portion of your income for a limited period when you are unable to work. Typically, short-term disability insurance covers a period ranging from a few weeks to six months and short waiting period, often around 7 to 14 days, before benefits begin.
How Do Insurance Companies Define Disability?
Disability type is determined by the nature and severity of your condition, the impact on your job duties, and whether the disability is temporary or permanent. Insurance policies define disability based on your ability to work and income loss. Medical diagnosis and functional capacity also play crucial roles.
For both Short-term and Long-term Disability Insurance, rates can vary depending on the kind of policy, elimination period, length of benefit, insured age and status of health. We want our clients to have the best Disability Insurance policy in any accident or illness situation. By Working with multiple , we guarantee the right Disability Insurance benefits with the lowest quotes from different insurance companies.
.png)