Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. It encompasses paid sick leave, short-term disability benefits, and long-term disability benefits. Statistics show that in the US a disabling accident occurs on average once every second. In fact, Nearly 18.5% of Americans are currently living with a Disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.
LS INSURANCE SERVICE Knows about Disability Insurance. We can help you find the right Disability insurance for you and your family. Need more details? Give us a call to discuss your insurance needs (856) 489-3444.
Those whose employers do not provide benefits, and self-employed individuals who desire disability coverage, may purchase policies. Premiums and available benefits for individual coverage vary considerably between occupations and states. In general, premiums are higher for policies that provide more monthly benefits, offer benefits for longer periods of time, and start payments of benefits more quickly following a disability claim. Premiums also tend to be higher for policies that define disability in broader terms, meaning the policy would pay benefits in a wide variety of circumstances. Disability insurance calculators assist in determining the disability insurance needed.
• Individual disability insurance
• High-limit disability insurance
• Traditional disability carriers have limitations on the monthly benefits
• Benefits typically cap at $20,000-$25,000 of monthly benefits.
At LS Insurance Services, we can provide you with the best plan that can fit your budget.
Please CONTACT US and consult with one of our agents to get a quote.