INDIVIDUAL DISABILITY INSURANCE
When you are injured on the job, Workman's Compensation provides a steady income while you recover. That is not the case if you are injured off the job. Disability Insurance provides you with income until you are able to return to work.
Two types of Disability coverage are available: Short Term and Long Term.
Without short term disability insurance you can only rely on savings for income until you a have recovered. Studies show that the average American has only about a month of savings to live on. Short Term Disability Insurance provides that income immediately and continues until you are able to return to work.
If you suffer a disabling injury or chronic serious illness and are unable to return to work, Long Term Disability Insurance will provide about two-thirds of your income until the age of 67. |