Disability Insurance
What is your most valuable asset? For many, its their ability to earn an income. How does this compare to some of your other assets such as your home or your car? You probably already have some sort of protection to cover the loss of your house or car. But what steps have you taken to protect your most valuable asset?
At Orlando Insurance Advice, we have the knowledge and experience to assist you in all your disability insurance needs. If you are considering Disability Insurance, please Click Here and and one of our qualified advisors will be in contact with you shortly.
You may have disability through your work, but consider the following:
- Only a portion of your annual salary may be covered.
- Your monthly benefit may have a cap and far less than your annual compensation.
- Benefit payouts can be subject to income taxes.
Benefits of individual disability:
- Customizable to your exact needs
- Cost of living adjustments so while on disability, your benefit keeps up with inflation rates.
- Partial disability benefits if something causes you to loose 20% or more of your income.
- Choice of elimination period. Usually between 60, 90, 180, 365 and 730 days where benefits paid begin after the elimination period.
- Will provide you a monthly benefit if your become injured or sick can no longer work in your regular occupation.
- Once issued, if premiums are paid it cannot be cancelled.
Interested in disability coverage, have any questions or are unsure about your current coverage, Click here to contact us and we will have a local rep get in touch with you.
