Did you know that statistically, you are between 3 to 6 times more likely to suffer from a debilating injury or illness than you are to die prematurely? And the big problem with that is the huge medical bills that often add to your burden, at a time.
Disability insurance is income protection against a disabling condition that would not allow you to complete the functions of your job. There are two basic types of disability insurance, Long Term Disability (LTD) and Short Term Disability (STD). If you were to sustain a total disability while insured, an LTD plan could cover you until you reach age 65, depending on the plan you purchased. A STD plan usually pays you if you have a disability lasting up to a 3 to 6 month period.
It is important to have good counsel when purchasing a disability plan so that you know what you are buying. We are here to help you with that, so give us a call.