If you’re anywhere between the age of 25 to 40, there’s almost a 50 percent risk that you will be disabled for at least three months or more. Your current safety nets, however, may not be enough to make up for lost income during this time.
If the accident that caused the disability, for instance, happened at work, you may claim for workers compensation benefits. But what if the accident happened somewhere else?
Unemployment insurance, meanwhile, only covers up to 15 weeks. While your social security pension plan may cover disability, bear in mind that laws on government benefits may change any time. While group and associate coverage provides long-term disability protection, policies under these may still be limiting in scope. For instance, different policies may define disability differently or limit the amount of benefits you may receive.
A customized personal disability insurance policy, however, can fill in these gaps, as it guarantees that you get a certain level of coverage and premiums.
With guaranteed coverage and guaranteed premiums, you can expect coverage that is tailor-made for your needs, ensuring peace of mind for you and your loved ones.