What happens if you are injured in the workplace, or you are injured and unable to provide for your family? Being stuck without insurance can leave you in a financially difficult place as you are unable to make money to pay for your needs and the needs of your family. Disability insurance is designed to provide you with financial assistance while you recover.
How Does Disability Insurance Work?
Disability income insurance is designed to protect your ability to earn an income. If you are unable to work due to injury or illness, disability insurance will preserve your savings. Disability insurance will replace a portion of your income to meet your expenses, it will pay benefits for a predetermine number of years or until you can return to work. The benefits offered from disability are tax free as you pay your premiums with after-tax dollars. Disability insurance can be added as a complement to a short or long-term disability plan that your employer currently provides. The policy is yours and you can transfer it with you to a new job as long as you pay premiums.
Disability for Individuals
Does your employer provide a comprehensive package of benefits? You may be able to access disability insurance through your employer, but we can help to supplement this coverage through our network of providers. A group plan is limited to covering only a portion of your income, which can financially hurt you if you depend on a larger income level to meet your needs.
It is a wise decision to invest in disability insurance to make sure you have coverage when you need it. Contact Thrive Health Insurance today for more information about disability insurance plans, 801-739-8258!