DISABILITY INSURANCE- PROTECT YOURSELF
Disability insurance protects your income due to illness or injury which is non-work related. Disability insurance may be a group or individual policy. A disability policy, whether group or individual protects a certain amount of your salary. The policy pays until you are able to go back to work. There are two types of disability insurance. Short term last two years or less, while long term will last until the age of 65 or longer.
This is another very important insurance. Maintaining your monthly income will ensure that the bills will be paid and even despite injury or illness, you can continue with your life. In retrospect I wish I had this type of insurance. Read MY STORY .
My story is not meant to invoke sympathy but open your eyes to what may and can happen at any time.
It should also be noted that injuries or illness arising out of your job is protected by Worker's Compensation. Group disability is usually purchased through your employer. If it is available through your employer,please I urge you to purchase it. An individual policy is written based on occupation, salary and term of coverage. Your occupation will influence the price of benefits and premium. There is also a waiting period that determines when your benefits start. For five free, no obligation quotes, click on the banner below. Please note that this article is for information only. Always seek specific information from a licensed insurance professional.
