Our disability insurance offerings can give you the peace of mind you deserve. Bridging the gap between life insurance and health insurance, this coverage guarantees your most valuable asset – your ability to earn income. It’s a great additional safety net to protect you and your family.
Disability Insurance primarily comes in two types –short-term and long-term.
Short-term disability typically ranges from 3-6 months. It provides a percentage of your paycheck, just like it would come in normally. Short-term disability covers you when you are incapacitated from events like illnesses, injuries, or pregnancy.
It serves as another level of security in the case of minor accidents like broken bones that may impede your normal day-to-day activities, and capacity to fully fulfill employment obligations. Once this period of coverage expires, you become eligible for long-term disability.
Long-term disability insurance can be an excellent solution for covering living expenses and other factors. With features like Cost of Living Adjustments and future increase options, you can cover many additional future variables. In the event of a disability affecting your ability to work for longer than a few months, this coverage can bear some of the financial burden as a result.
The US Census Bureau estimates that an employee has a 1 in 5 chance of becoming disabled. Providing the consistency of a recurring check can give you and your family peace of mind to weather the unforeseen events that come with life.
Guarantees are based upon the claims paying ability of the issuing insurance company.