Your income is essential—so what happens if an illness or injury prevents you from working? Disability insurance replaces lost income, helping you cover expenses and protect your financial future.
Are Annuities a Fit for your Planning Portfolio?
About Us
Disability Insurance: An Overview
Life insurance is a financial product designed to provide financial security to your loved ones in the event of your death. When you purchase a life insurance policy, you enter into a contract with an insurance company. In exchange for regular premium payments, the insurance company agrees to pay a lump sum, known as the death benefit, to your designated beneficiaries upon your passing.eating, and mobility due to chronic illness, disability, or aging. LTC can be provided in various settings, including in-home care, assisted living facilities, nursing homes, or adult day care centers. The goal is to help individuals maintain their independence and quality of life as much as possible, while also ensuring their safety and well-being.
How Disability Insurance Can Help You
Disability insurance ensures that even if you face a temporary or permanent disability, you can maintain your financial independence. It helps alleviate the stress and burden of covering daily expenses when you are unable to earn an income. This protection allows you to focus on recovery without worrying about how to pay your bills or support your family during a challenging time.
Benefits of Disability Insurance
-
It offers peace of mind knowing that you have a safety net in case you are unable to work due to an injury or illness.
Short-Term vs Long-Term Disability Insurance
-
• Provides coverage for a limited period, usually between 3 to 6 months.
• It is typically used for temporary disabilities such as recovery from surgery, pregnancy, or minor injuries.
• Benefits start quickly, often within a few weeks of the disability occurring.
Medical Underwriting vs. Non-Medical Underwriting
-
Medical Underwriting involves a detailed assessment of your health before an insurance company issues a policy. This process typically includes:
• A review of your medical history, including any pre-existing conditions.
• A physical examination or lab tests may be required.
• The insurer uses this information to determine your eligibility for coverage, the premiums you’ll pay, and any exclusions or limitations on your policy.
No Obligation Consultation
Disability insurance is an essential component of financial planning, offering vital protection if you become unable to work due to illness or injury. Understanding the differences between short-term and long-term coverage, as well as the underwriting processes, can help you choose the right policy to safeguard your income and maintain your financial security.
Protect your financial future with a reliable disability insurance policy from Diversified Insurance Brokers. Whether you need short-term coverage for temporary setbacks or long-term protection for lasting conditions, our team is here to help you find the right plan for your needs. Don’t leave your income unprotected—secure peace of mind today. Contact Diversified Insurance Brokers to discuss your options and get a personalized quote.
Need more information?
We’re here to help!
Need More?
Additional Insurance Help
Icon label
Insight
Learn More About Annuities
Icon label
FAQs
Visit Our FAQ’s To Get Answers For Your