Disability Insurance

 

Disabilities can create financial hardship for individuals and families. Disability insurance helps protect you and your family from financial disaster in case you may not be able to work whether it be short term disability or long term disability tax free.

Disability Insurance

While long term care insurance is meant to assist individuals with medical costs linked to their infirmity, disability insurance is meant to address the loss of income during a period where someone is unable to work. Coverage for short-term and long-term disability can be important to review. In either scenario, a lack of support at a crucial moment can be devastating. Our informed support on matters of New York disability insurance can help you to find and select a package that gives your family meaningful coverage.

  • Short-term disability policies can cover relatively brief (but financially costly) absences from
    work. You can receive payout after an injury that requires surgery, or an extended period of rest.
    You can even receive disability payment for maternity! If a potential interruption in your work life
    could hurt your family financially, short-term disability can help you stay in control of your
    finances until you recover.
  • Long-term disability policies tend to take longer to start providing payments, but they can continue to deliver support for an extended period of time. The policy you receive can determine how long you can collect payments, and how large these payouts might be.

 

Here are some of the benefits of having disability insurance:
  • It can protect you from financial ruin if you become disabled.
  • It can help you maintain your standard of living if you are unable to work.
  • It can give you peace of mind knowing that you are protected.

If you are concerned about the possibility of becoming disabled and unable to work, disability insurance is an important type of insurance that you should consider. It can help protect you from financial ruin and give you peace of mind.

Here are some additional things to keep in mind about disability insurance:
  • You may have to provide proof of your disability, such as a doctor’s note.
  • The policy may have a waiting period before benefits start.
  • The policy may have a benefit cap, which is the maximum amount of money you can receive in benefits.

 

Contact us @ 718-878-6484 to further discuss