Surveys show that 30% of all people in employment will at one time or another experience some form of disability which will cause them to need time off from work, whether that is short-term, long-term or reoccurring. If you become disabled, the last thing you want to worry about is how to pay your bills. Disability insurance is a simple form of insurance that ensures you are covered for any time you need to take off work.
Long Term Disability typically provides coverage to a person from as little as 2 years to age 65. Most plans pay (tax free benefits) at approximately 60% of a person’s current annual income. With an inflation rider it should keep pace with a persons expected income needs.
Short Term Disability plans are typically available only through a payroll deduction. Most Long Term Disability carriers have a 2 year option that would be available for those who are looking for lesser premium or are closer to retirement and want a shorter term of protection.
Instant access to several companies (“A” Rated or higher) to identify the best option for your individual needs.