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Disability Insurance

Disability InsuranceDisability Insurance Protects Your Paycheck…

Disability insurance is a type of insurance designed to provide income to a policyholder who can no longer work due to injury or illness. Contrary to popular belief, the majority of disabilities are caused by illness and not by accidents.

If you become disabled because of an illness or an accident, you will no longer earn income to provide for your family. Disability insurance provides monthly income to pay your mortgage and other living expenses. Having a disability insurance policy lessen the impact of not being able earn your regular income.

Disability insurance helps protect your savings that took years to accumulate. A period of disability that lingers for over three months can devastate finances and create a financial burden on loved ones. Fortunately, disability insurance can provide an extra cushion at one of the most trying times in a person’s life.

Disability insurance normally pays a stated percentage of your working salary. Insurance obtained for income replacement will generally provide between 60 to 75% of your working salary.

When you can’t work due to a disability or an unexpected illness, disability income coverage can help you:

  • protect your way of life
  • help preserve your independence without burdening others
  • cover your financial obligations while recovering

There are two types of disability insurance, short term and long term. Short term disability generally covers a period of less than six month. Short-term disability insurance is designed to pay benefits sooner and for a shorter period of time than long-term disability insurance.

Long-term disability insurance generally kicks in after the short term disability period expires. Long-term disability insurance policies generally pay at a reduced percentage of the insured regular weekly working pay rate for an extended period of time, up to age 65, or even for the lifetime of the insured.

Signature Quote is an independent insurance agency representing a number of nationally known insurance companies. Our underwriters know which insurer can provide the coverage you are looking for at the lowest price. We will search our listing of highly rated national insurers for the insurer who has the coverage and the price you are looking for. Review our list of top rated Disability Insurance carriers.

Our process is to have a single agent contact you. Once you contact Signature Quote, only one insurance agent will respond to your inquiry. We do not sell your contact information to other insurance companies therefore you will not receive calls from multiple insurance companies and agents. The single agent that responds to your inquiry will search the multiple insurance companies that we represent. That agent will search our list of highly rated insurance companies instead of you and present the best quote for your consideration.

Let us begin to search the insurance market for the best disability insurance quote at the best price that meets your needs.

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