Prepare yourself for the unexpected.
Disability insurance is a type of insurance that provides financial protection if you ever become unable to work due to a disability. The disability can be the result of an injury, illness, or a medical condition, and it can be either temporary or permanent in nature.
Disability insurance is designed to replace a portion of your income if you cannot work because of a covered disability. This type of insurance helps maintain your financial stability during the period of disability. Like any other insurance policy, you pay regular premiums to maintain your disability insurance coverage. These premiums can vary depending on factors like occupation, age, health, and coverage amount.
Your disability insurance policy will specify the definition of disability, which affects when you become eligible for benefits. And how much you receive is usually a percentage of your pre-disability income, ranging anywhere from 50% to 70% in most cases. When purchasing your disability insurance, you can choose the benefit amount you will receive.
If you are interested in adding disability insurance to your personal insurance portfolio, we want to talk to you. At Innovative Insurance Group, disability insurance is one of the many policy options we offer to those here in the Lumberton, North Carolina area.
We can help you shop for the best disability insurance policy for your individual needs, budget, and situation. Contact us today to learn more or to get a quote for a disability insurance policy!
