Long-term disability insurance provides a safety net by replacing a portion of your monthly income if a major injury or illness prevents you from working. This coverage allows you to manage your finances while concentrating on your recovery.

Long-term disability insurance offers income protection for severe injuries and illnesses that keep you out of work for three months or more. This includes permanent disabilities that prevent you from returning to work. This coverage is a wise investment for healthy, employed individuals looking to secure their financial future. You can obtain this insurance individually, as a group, or both.

The amount of your policy benefit determines your disability payout amount. Typically, the benefit is a percentage of your income, generally ranging from 60% to 80%. Additionally, many policies cover the income lost if you need to take a lower-paying job due to an injury or illness.

Making an Informed Decision

Understanding the workings of long-term disability insurance is crucial before making a decision. With comprehensive guidance from Freedom Brokers in Marion, you can make informed

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.