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The right disability insurance policy will keep your family financially secure in the event that an injury or illness limits your earning potential. But how do you choose the policy that's right for you? There are several factors to consider. But first, let's explore how disability insurance works and under which circumstances would someone need disability insurance.
Disability insurance acts as a safety net in case of emergency. In the event you suffer an illness or injury that prevents you from working, disability insurance will replace a portion of your workplace income. On average, most policies cover 60% of employer income. It's likely that your place of employment already deducts a portion of your pay for social security disability insurance or SSDI. If that's not the case, however, you may choose to purchase your own independent disability insurance from a private company.
In the United States, anyone who is unable to work due to a disability may qualify for disability insurance. If you're applying for wage replacement benefits through a policy you purchased on your own, you'll need to make a claim promptly following your injury or illness. When you work with Bebis Insurance in Lakeville, Massachusetts our independent agents are available to help you through the entire claims process.
If you don't purchase your own disability insurance policy, you may still qualify for social security disability insurance or SSDI which is provided by the US government.
The difference between short-term disability insurance and long-term disability insurance is simple. Short-term disability is designed to offer immediate assistance following an injury or illness that prevents you from working. Short-term disability can last anywhere from a few months to two years. Long-term disability is designed to protect your income when your injury or illness prevents you from working for over two years. Long-term policies may last for several years or until the disability ends.
Keep yourself and your family protected from life's unforeseen events with the best disability insurance in Massachusetts. At Bebis Insurance we are committed to offering insurance coverage that won't break the bank. Our independent agents have over 30 years of experience and we'll work hard to find the disability insurance policy that best fits into your lifestyle. We know that unexpected injuries and illnesses can leave you and your loved ones with unprecedented stress, but don't fret. Bebis Insurance is here for you. Want to learn more about how we can help? Give us a call at (508) 947-5800 for an insurance quote today. Or contact us online to learn about our extensive insurance services and expertise. Remember, you don't have to navigate this difficult process alone, work with a professional that can review your options with you.
How long does disability insurance pay for?
Long-term disability insurance can last for 5 years or more, depending on the length of your disability.
What does disability insurance pay for?
Disability insurance pays for a portion of your income (typically 60%) for a period of time when you are unable to work due to illness or injury.
Does disability insurance pay monthly?
Yes, disability insurance is paid monthly. The day you receive your payment is determined by what type of benefits you receive.
What conditions qualify for disability?
There are several conditions that may qualify for long-term disability insurance in the USA. A few of the more common ones include bipolar disorder, blindness, cancer, and more.
Can I purchase disability insurance?
Yes. If disability insurance is not available through your employer you can purchase your own policy.
Is it important to have disability insurance?
Yes. Life is full of unexpected events that could leave you financially unprepared for the future. Eliminate the risk and keep your family safe by finding disability insurance coverage that works for you.
What insurance do you get with social security disability?Social security disability insurance or SSDI is a government-provided service available to those who've been employed by a company covered by Social Security. To receive benefits you must have worked and paid into the services long enough. Then you must meet Social Security's definition of disability.