AmeriFed Insurance & Financial Services Blog
Most people imagine a wheelchair when they hear “disability,” but the reality is that there’s a lot more than that. Some of the more common causes of disability claims are pregnancy, cancers, and mental health problems. It is why one must protect themselves, even if their work isn’t high risk for physical injury.
What is Disability Insurance?
Disability income insurance is a cover that supplements a part of one’s income when they’re unable to work. The payout received helps the policyholder cover living expenses while they’re recovering from the illness or injury. While the terms vary according to your insurer, generally, they cover up to seventy percent of one’s income from a few months to retirement.
Difference Between Short and Long-Term Disability Insurance
Ultimately, the payout received depends on the cause for the disability, affecting how long the person is immobile. The policy claims may vary according to a few factors:
In some cases, individuals may opt to take out both long and short-term disability insurance covers. It is in light of how short-term has an immediate cover, while long-term takes over if the disability continues past the period of payouts for the short-term cover.
At AmeriFed Insurance & Financial Services, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (813) 848-9787. Get your free quote today by CLICKING HERE.