Disability Insurance
Disability insurance helps protect your financial well-being by replacing a portion of your income if a covered illness or injury prevents you from working.
Short-Term Disability Insurance
An illness or injury can temporarily keep you from working, but your regular expenses don’t stop when your paycheck does.
Short-Term Disability Insurance is designed to replace a portion of your income for a limited period when a covered disability prevents you from working. This coverage can help with everyday financial obligations while you focus on recovery and getting back to work. Coverage, benefit amounts, waiting periods, and benefit durations vary by policy, so talk with us to explore options that fit your needs and budget.
Long-Term Disability Insurance
When a serious illness or injury keeps you from working for an extended period, Long-Term Disability Insurance can provide an important source of income protection.
Depending on the policy, benefits may replace a portion of your income for several years or potentially longer, helping you continue to manage expenses when your ability to earn an income is disrupted. Because definitions of disability, waiting periods, benefit periods, and other policy provisions can vary, choosing appropriate coverage deserves careful consideration. We can help you understand your options and determine what type of protection may make sense for your situation.
How Does Disability Insurance Work With My Health Insurance?
Health insurance and disability insurance serve two different purposes. Your health insurance helps cover eligible medical expenses associated with an illness or injury, while disability insurance is designed to help replace a portion of your income if a covered condition prevents you from working. That income can help you manage everyday expenses, such as your mortgage or rent, utilities, groceries, and other financial obligations, while you recover.
Together, health and disability coverage can provide a broader financial safety net, helping protect both your healthcare needs and your ability to keep up with everyday expenses.
Frequently Asked Questions
Disability Insurance FAQ
What does disability insurance cover?
Disability insurance is designed to replace a portion of your income if a covered illness or injury prevents you from working. Exactly what qualifies as a disability, how much you may receive, and how long benefits last will depend on the specific policy.
What’s the difference between short-term and long-term disability insurance?
Short-term disability insurance generally provides benefits for a limited period following a covered disability, while long-term disability insurance is designed for disabilities that continue for an extended period. Policies can differ significantly in their waiting periods, benefit amounts, and benefit durations.
Do I need disability insurance if I already have health insurance?
Yes! Health insurance primarily helps with eligible medical expenses, while disability insurance helps address a different risk: lost income when a covered illness or injury keeps you from working. Having both can help protect against medical costs as well as the financial impact of being unable to earn your regular income.
