Disability insurance covers you for an extended period of time. Should you be injured or suffer an illness that leaves you unable to work. The two primary types of disability coverage are short term disability and long term disability insurance. Long term coverage can be for a period of up to five years or until the disabled individual turns sixty five.
This provides partial salary replacement to workers who are unable to work. Disability refers to any mental or physical condition that hinders a person from performing regular work or maintaining employment. Disability insurance is offered under some group plans and can also be purchased on an individual basis.
Disability Insurance Quotes
Several factors weigh into the cost of disability insurance policies. As with auto insurance, using an independent agent will allow you to compare the costs and coverage options of several providers while working with a single agent who understands your needs.
Making Your Final Decision
A qualified insurance agent will be able to help you understand all of your options and navigate the sometimes confusing world of insurance. When speaking with your agent be sure to ask about the track record of the companies they suggest to you. Sometimes factors such as payout time, claims process quirks, and overall client satisfaction are omitted when discussing coverage options. Taking the time to ask about these items can save you hassle and ensure you are satisfied with your decision.
Remember, many people seeking insurance coverage focus on price alone which is a mistake. If you have a policy that is next to impossible to use, your initial savings will quickly be erased.
When you are ready to compare your options and select a disability policy to protect you in the event of an injury or illness, get in touch with one of our agents today and we would be more than happy to help you navigate the process.