According to the Council for Disability Awareness, Just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.
Disability insurance offers income protection against disabilities resulting from a covered physical disease, injury, pregnancy or mental disorder. Many forward-thinking employers provide disability insurance to their employees. We can also help individuals understand and purchase disability insurance if it’s not offered by their employer.
Disability insurance may provide many features with flexible policy provisions that allow you to customize coverage choices.
It comes in two types, short-term disability and long-term disability. Each different type of policy is designed to cover either shorter or longer duration of disability. A combination of both is necessary to cover the full spectrum of possible disability outcomes.
Disability insurance offers paycheck protection, providing cash directly to you for spending on mortgage payments or rent, groceries, utility bills, car payments, or whatever else you choose. A policy also can pay for training or other assistance you may need to return to work.
With disability income insurance, you can avoid depleting the savings you may have accumulated for your children’s education or your retirement.
The Foster Group can help you navigate through the maze of coverages, elimination periods, and benefit amounts that pertain to disability insurance.
For more help and to answer any questions, contact us for a free consultation or request more information.