Interesting articles about insurance
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Do you have Disability Insurance?


Those of us who are healthy and active rarely give the possibility of becoming disabled a thought. We take it for granted that we can get up, go to work and earn a living. Being independent is one of the most valuable assets we have in life. Few of us even consider the possibility of becoming disabled when we are still relatively young. Maybe we should.

How much does Disability Insurance generally pay?

Disability Insurance will replace your income when you are no longer able to earn a living. Your Disability Insurance cover will pay between 45% and 60% of your gross income during your absence from work.

Shop around for Disability Insurance that suits you

A wide variety of Insurance Providers offer Disability Insurance, but you have to shop around and compare the different products available. Never opt for the first quote you get. Also remember that the cheapest product is not necessarily the best.

Types of Disability Insurance

Listed below are a few options you may want to consider:

Short-term Disability Insurance

Short-term disability policies may pay benefits for short periods of time, for instance from two weeks up to two years.  Employers usually provide short-term disability policies.

Long-term Disability Insurance

Long-term disability policies will provide benefits for an extended period.  Long-term disability insurance usually covers the policy owner for about 5 years.  In most cases, this type of insurance expires when the person turns 65.  Some employers will provide this type of cover as part of an employee benefit package or will make it available at a specified cost.

Getting Disability Insurance may be one of the wisest decisions you make.


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