Long Term Disability
So, you think you don’t really need to worry about disability insurance? Think again. If you’re employed or plan to become employed, you should consider obtaining the protection of long term disability insurance. Disability insurance is coverage that provides benefits when a policy holder is injured or becomes otherwise unable to work. Disability insurance is intended to replace anywhere from 45 to 65 percent of a gross annual income on a tax-free basis. Long term disability coverage delivers extended benefits on a monthly basis for any specified amount of time. Long term disability insurance is a true lifeline when you cannot work due to a covered illness or accident. With long term disability insurance, you can focus more on living and less on medical expenses.
Did you know?
- Over 37 million Americans, or roughly 12 percent of the total population, are classified as disabled
- More than 50 percent of disabled Americans are in their prime working years: 18-64
- Over 1 in 4 of 20-year-olds will become disabled before retirement
- In 2012, over 2.5 million disabled workers in their 20s, 30s, and 40s collected disability insurance benefits
With long term disability insurance, policyholders can:
- Receive benefits provided in $100 units from $400 to $6,000, or up to 60 percent of income earnings
- Receive affordable rates age-banded at the time of issue, equal for both males and females
- Receive portable policy coverage, meaning you have the option to continue coverage if you change jobs
- Receive maternity, partial disability, recurrent disability, and waiver of premium benefits
Insurance Hub is your number one source for a wide variety of quality long term life insurance plans. For more information regarding long term life insurance and other insurance coverage, visit Insurance Hub’s website at www.insurancehubusa.com.