About 30 percent of
Americans age 35 to 65 will suffer a disability lasting
at least 90 days sometime during their careers,
according to the Health
Insurance Association of America. Individual disability insurance is an
insurance product designed to replace anywhere from 45-60% of your gross
income on a tax-free basis should a sickness or illness prevent you from
earning an income in your occupation. Every disability insurance policy
from every insurance company is very different, this is not a product to
simply shop for the most competitive rate. To buy the cheapest
disability insurance policy on the market is to throw money away. The
odds of getting paid a monthly benefit under a cheap contract may be
significantly lower than receiving benefits from a quality contract. For almost everyone who is still working, your
largest asset is your ability to produce an income.
Thus, the most important type of insurance is
income insurance (DI). In fact, disability insurance, less than 15% of all workers in the U.S.
Short-Term Disability Insurance: Short term disability provides an income for the early part of a
disability. A policy may pay benefits for two weeks up to two
years. Short-term disability insurance is often included as part of an
employee benefits package.
Long-Term Disability Insurance: Long term disability
insurance helps replace income for an extended period
of time, usually ending after five years or when the disabled
person turns 65. Some people have long term disability insurance
provided by their employers; others purchase it individually.
There are two major types of individual long-term disability
insurance: non-cancelable and guaranteed renewable.
Disability Insurance Quote and Disability Income Insurance available for the following states in the USA:
Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA,
Colorado - CO, Connecticut - CT, Delaware - DE, District of Columbia - DC,
Florida - FL, Georgia - GA, Hawaii - HI, Idaho - ID, Illinois - IL,
Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine
- ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN,
Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV,
New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North
Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR,
Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota -
SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA,
Washington - WA, West Virginia - WV, Wisconsin - WI, Wyoming - WY.
Insurance, California Disability Insurance, New York State Disability
Insurance - all available here.