Disability Insurance offers a weekly or monthly income when you can’t work due to sickness or injury. The pay out provided may be stated as a percentage of income or as a set dollar amount. The policy defines how much you will be paid, how soon after you are disabled the payments will appear in your mailbox, and when they will cease. The longer the benefit period, the higher the premium will be.
Average disability insurance premiums only cost 2% to 3% of your gross annual income? Give us a call and we can do a free evaluation of your disability insurance needs.