If you depend on the income you receive through work to pay your expenses, then you should probably consider disability insurance. It ensures that you can continue to receive partial income if you become too sick or injured to work.
What would happen if you were suddenly unable to work and earn an income? Accidents and injuries happen, and we can’t always anticipate if or when we’ll be diagnosed with a serious illness or medical condition. A disability policy can help protect you and your family by providing income to help pay your bills if you can’t collect your normal paycheck.
What are the two main types of disability insurance?
The two main types of disability insurance are short-term disability insurance and long-term disability insurance.
Short-term policies provide benefits for a limited period, such as a few weeks or a few months. Payments start after a short waiting period — often one or two weeks. It's designed to cover temporary medical conditions or injuries that prevent you from working.
Long-term disability insurance pays for a longer period. Policies differ, but benefits can last several years — even until the disabled person reaches retirement age, or is able to return to work. This type of plan can help you maintain your lifestyle if a more serious or even permanent disability prevents you from earning income for years.
If you would like more information about Disability Insurance & Quotes give me a call today! Jeanelle Regal (317) 353-3071