Disability Insurance

Are You In Need Of Disability Insurance Protection?

If so, you may want to request a free quote for disability insurance to find out how affordable it can be to get the protection you need today.

We offer you a fast and convenient way to purchase your disability protection.

There are no health exams, no medical tests, no waiting periods and no hassles.

Instead of waiting weeks or months your disability income policy can be issued in just days if you qualify.

What is Disability Insurance? 

It’s a type of insurance that insures your income against a potential disability that would make you incapable of working.

Basically, if you can’t work, you can’t earn your income from your job, And, disability insurance will pay out a benefit to you each month you are disabled and unable to work.

Disability Income Insurance is health insurance that provides income payments to the insured wage earner when income is interrupted or terminated because of illness, sickness, or accident.

 

Definitions Under Disability Insurance Include:

• Total and Partial Disability – Reduction in benefits if the insured is found to be partially disabled instead of totally disabled.
• Amount of Benefits – Many disability policies stipulate that all sources of disability income cannot exceed 50% to 80% of the insured’s earnings prior to the disability, subject to a maximum absolute dollar amount.
• Duration of Benefits – Length of time benefits will be paid.
• Elimination Period (Waiting Period) – Period beginning with the first day of disability, during which no payments are made to the insured. The longer this period, the lower the premiums.
• Physician’s Care – The insured must be regularly attended by a legally qualified physician because it is necessary to assess changes in severity of disability.
• Preexisting Condition – If an insured has a preexisting injury, sickness, or illness, most disability policies will not pay income benefits either for the duration of the policy or until a period of time (usually from six months to one year) has elapsed.
• Recurred Disability – Most disability insurance policies will not pay income benefits to an insured who is experiencing a recurrent disability unless the recurrent disability is deemed a new disability.
• Residual Disability – Many disability policies pay for the unused portion of the total disability period, limited to age 65.

 

Definitions Of Types Of Disability:

Partial Disability – Inability of the insured to perform one or more of the important daily duties of that insured’s occupation. The income payment of the insured is reduced from that of total disability.

Permanent Partial Disability – Disability in which a wage earner is forever prevented from working at full physical capability because of injury or illness.

Permanent Total Disability – Disability in which a wage earner is forever prevented from working because of injury or illness suffered.

 

What Is Disability Income insurance?

Think of disability income insurance as insurance for your paycheck. It allows you to protect your most valuable asset – your income – in the event you become too sick or hurt to work.

If you suddenly lost your ability to work and earn a living due to a sickness or injury. How would it impact your life?

 

The Chances Of It Happening Are Greater Than You Think

• 55% of people would need to borrow to cover a $5,000 medical emergency.
• There is a 1 in 4 chance of becoming disabled for 3 months or more.
• There is a 1 in 8 chance of becoming disabled for 5 years or more.

 

The Most Common Causes Of Disability

• Illness – 90% of disabilities
• Accident/Injury – 10% of disabilities

 

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Disability Insurance Definition