Not having disability insurance can be devastating. Did you know that, according to the Social Security Administration, one in four 20-year-olds will experience a disability for 90 days or more before they reach the age of 67? Most disabilities are caused by illness rather than injury. If you become sick or hurt, how will your bills get paid?
Disability insurance pays you a portion of your paycheck, should you become unable to work due to an illness or injury. There are two types of disability insurance - short-term and long-term. Most employers offer short-term disability coverage as part of their benefits plan, and these policies can cover up to one year time off from work. Many short-term disability plans have a small waiting period of one to two weeks. Long-term disability insurance begins once you have exhausted your short-term disability coverage, and can last several years depending on the need.
Disability insurance rates can vary based on a number of factors such as age, gender, smoking history, state of residence and occupation. At Care Financial, we’ll work with you to determine the best policy for you. We’ll determine the correct coverage amount, your benefit period, and any exclusions that may come into play.
Call today for a complimentary appointment, so our consultants can assist and educate you on all of your disability insurance options. Care Financial is independent and with our extensive resources with top insurance carriers we are confident that we can provide you the very best.