Long Term Disability Insurance (LTD)
Disability insurance provides partial income so you can pay your bills if you get too sick or injured to work. Disability happens to more people, more often than you may think. In fact, more disabilities are caused by illness than injury. Types of disability insurance include: Individual, Short Term, Long Term, Supplemental, and Group (through work).
Individual disability insurance can be ideal for anyone who doesn’t receive disability insurance through work. It’s also an option for high earners looking for extra coverage. Not only can you buy this policy on your own, it also stays with you even if you change jobs.
Short term disability insurance pays you a portion of your income immediately after an accident or serious illness prevents you from working. We offer it for employers and their employees. You might be able to receive this through your job.
Long term disability insurance is a policy that pays you additional funds for long-term injuries. It takes affect after your short-term insurance runs out. We offer long-term policies for employers and their employees.
If you want more protection, you may want to add extra coverage on top of your long term or individual disability plan. Supplemental disability insurance can be a great add-on for employees and individuals who want to protect a greater percentage of their income, bonuses or commissions. You may even be able to get a policy through your work.
- Who is disability insurance for?
If you depend on the income you receive through work to pay your expenses, then you should probably consider disability insurance. It ensures that you can continue to receive partial income if you end up too sick or injured to work.
- How does disability insurance work?
Most disability insurance pays you a percentage of your income if you get sick with a serious illness or experience an injury that prevents you from doing your job. You can also purchase supplemental disability insurance, which provides income on top of your other disability policies.
- Why do I need disability insurance?
Accidents happen, and we can’t always anticipate if or when we’ll be diagnosed with an illness, condition, or injury, which is why it’s important to have a disability policy that will help you pay your bills in the event that you can’t collect your normal paycheck from work.