Long-Term Disability Insurance
Providing Insurance in Sikeston, Missouri
Long-Term Disability Insurance Solutions
Accidents or serious illnesses can occur at any time. These may prevent you from working for months or perhaps years and from living normally. We'll make sure you have the resources you need to manage both your household and your handicap.
We are glad to assist you through long-term disability insurance since we are familiar with its specifics.
Our Long-Term Disability Coverage:
Long-term disability insurance works on a fairly straightforward principle: you pay premiums, and if you are sick or injured and can no longer work, you receive regular payments to replace part of the lost income.
Similar to life insurance, it's frequently a wise decision to ensure that you, your family, and any dependents on your income are covered in case the worst occurs.
With long-term disability insurance, however, you do need to pay attention to the specifics since there are numerous important possibilities. Check, for instance, how long you must be handicapped before receiving any reimbursement and how long the benefits will last. While some long-term disability insurance plans promise to pay out until you reach retirement age, regardless of how long that takes, others only provide payments for a specified time (or until you reach retirement age, whichever comes first).
Also, you must choose a payment level. When you become disabled, long-term disability insurance policies typically pay a maximum of 50 to 70 percent of your pre-tax wages. You may be able to pick a lesser payout amount when you purchase the insurance, which would lower your premiums.
Your company could provide long-term disability insurance coverage for you or provide you access to a discounted policy. Even if this is the case, you shouldn't automatically rule out purchasing a long-term disability insurance policy of your own to replace or supplement the one offered by your employer.
For instance, the payment amount provided by the employer's coverage could not fulfill your demands. Also, the tax treatment of benefits from an employer-sponsored policy may differ from those from a self-purchased long-term disability insurance policy.
Long-Term Disability Insurance Form
One of our insurance advisors will reach out to you to review your information and present you with the appropriate Long-Term Disability insurance solution. There’s no obligation, just good-old-fashioned advice.