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disability insurance information

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Disability Insurance Information

Did you know that May is Disability Insurance Awareness Month? Do you need some disability insurance information?

Considering that disability insurance is the most overlooked of all major types of insurance, according to nonprofit insurance education organization Life Happens, we’re seizing this opportunity to give you some useful disability insurance information about the benefits you can receive if you’re unable to work due to factors such as an illness, childbirth, an injury, or a disability.

As all of our agents at Smallwood and Small say to our clients, it’s always best to be prepared for any situation, no matter how scary. Don’t assume you can just drift along through life thinking nothing bad will ever happen to you. Accidents can happen, and illnesses can crop up at any time, sometimes preventing you from working and earning the income you need to pay your mortgage or rent and other monthly expenses.

The good news, though, is that disability insurance can help protect you financially during periods when you’re unable to work.

 Who Needs Disability Insurance?

“Simply put, if you have a job, you most likely need disability insurance,” according to another article by Life Happens. “The possibility of a disabling illness or injury may seem remote, but statistics say otherwise. … You actually have a three in 10 chance of suffering a disability that keeps you out of work for 90 days or longer at some point during your working career.” It’s also worth noting that a whopping 90 percent of those disabilities are caused by illnesses, not accidents, according statistics cited by Life Happens.

Our advice? If you’re an income-earning adult, take the time to learn more and seriously consider enrolling in a disability insurance policy. It’s a practical and economical way to plan for the future while reducing your worry in the present.

Read on to learn more about our different levels of disability insurance.

What Level of Coverage is Right for Me?

We offer two levels of disability insurance: short-term and long-term coverage.

Short-term disability insurance helps preserve your standard of living when you’re unable to work for a short period of time due to events like childbirth, illnesses, or injuries.

Our short-term disability insurance policies, which offer six months to a year of coverage, feature:

  • Regular payment benefits that pay you a portion of your salary on a weekly or monthly basis
  • Rehabilitation benefits that cover rehab, workplace modifications, and dependent care

Long-term disability insurance covers you when you’re unable to work for an extended period of time due to factors such as a disabling illness or injury. This level of coverage alleviates your financial worries and allows you to focus on your recovery.

Our long-term disability insurance policies feature:

  • Monthly benefit payments entitling you to a portion of your salary
  • Rehabilitation benefits to cover workplace modifications, rehab, and dependent care expenses

As with all of our insurance plans, we customize your disability insurance policy based on your expenses and unique circumstances.

If you’re considering enrolling in a short- or long-term disability insurance policy, don’t wait and risk your future financial security, visit our Life & Disability Insurance page for a quick quote, or call us today at 304-263-3361 for more disability insurance information. Our expert agents are here to shed light on all things insurance!

Stay tuned to our blog this month for more information on the benefits of having disability insurance and to get tips on how to apply for coverage.


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