Disability Insurance
Disability insurance generally pays a monthly benefit, a portion of your income, if you can't work because of a covered illness or injury and meet the policy's definition of disability, after its waiting period. We help you understand how much you may already have through work and where the gaps are.
Coverage that actually covers.
- Short-term coverage for weeks to months
- Long-term coverage that can last years, depending on the policy
- A monthly benefit based on a portion of your income
- A waiting (elimination) period and benefit period you choose
- Individual coverage that isn't tied to your employer
Short-term disability
Replaces part of your paycheck for a limited period while you recover.
Long-term disability
Monthly benefits for an extended disability, up to the policy's benefit period.
Own-occupation definition
Some policies pay if you can't work in your own occupation, not just any job. The definition in the policy matters.
Individual policy
Coverage you own, which generally stays with you if you change jobs.
Answers, in plain English.
- I have disability coverage through work. Do I need more?
- Maybe. Group coverage can have lower benefit limits and usually ends when you leave the job. An advisor can compare what you have with what your household would need.
- How much of my income can be covered?
- Policies typically replace a portion of your income rather than all of it. The amount available depends on your income, occupation, and the insurance company's underwriting.
- What is an elimination period?
- It's the waiting time between when a disability starts and when benefits begin. A longer waiting period generally lowers the premium, so it's worth matching it to your savings.
- Is a quote the final price?
- No. Any price an advisor gives you is an estimate until the insurance company completes underwriting.
Ready to secure your Disability?
EnsuranceMax LLC is a licensed insurance agency (NPN 14306621) authorized to operate in (MD), (VA), (DC), (OH), (NC), & (PA). This material is not intended as medical or financial advice. Consult a qualified professional regarding your specific situation.