Your ability to earn an income is by far your most important asset – so doesn’t it make sense to look out for yourself? Disability insurance is head and shoulders above any other type of coverage because it provides coverage should you become injured and unable to work.
Recent studies show that one in five Americans between ages 35 and 65 will experience a disability lasting three or more months – and nearly 2/3 will not be eligible for workers’ compensation. Oftentimes, the disability insurance offered by an employer is inadequate, leaving you to fend for yourself.
What Does Disability Insurance Cover?
Depending on your policy, disability insurance provides up to 60% of your income should you become injured and unable to work. This coverage becomes effective after a waiting period that ranges from one month to one year. Your policy is guaranteed renewal each year that premiums are paid.
The cost of disability insurance depends on the amount of disability income you wish to receive, the length of your coverage, your age, and general health condition. Talk to an agent at Brooks to set up a private consultation to determine whether or not disability insurance is right for you.
