Disability Income Insurance Is Paycheck Protection When Unable to Work

Disability Income insurance helps protect you/the policyholder in the unfortunate case of loss of income due to being unable to work and earn paychecks as a result of either temporary or permanent disability. Contact Bob Morgan Insurance. 

Things to Know When Buying Disability Insurance & Submitting a Claim

There are numerous elements comprising a disability income insurance policy and in submitting a legitimate disability claim; thus, it is important to comprehend when and how you would receive the disability income to continue the ability to financially support yourself (and your loved ones) should the need and situation, unfortunately, ever arise. Indeed, this type of insurance coverage would play a crucial role in helping to manage financial needs should a disabling injury and/or illiness occur. For example:

• You will need to know how your specific and tailored policy defines and would cover temporary short-term disability, long-term disability vs total disabilities. Each scenario varies as to short-term vs long-term policy period.
• There could be a waiting period until the disability income payments commence.
• Clarify whether such payments would affect Social Security, Workers' Compensation and/or unemployment benefits; and whether Social Security Disability Insurance (SSDI) would cover you at all in such an eventuality since such government-issued benefits are limited.
• Confirm whether your particular policy selection would cover disabilities resulting from both accidents and illnesses.
• "Weekend Warriors" could even replace lost income on a temporary basis, for example, while healing from a substantial leg injury sustained during a recreational basketball game with buddies.

More About Workers' Compensation Benefits

Workers' Compensation, AKA Workers Comp, is a type of insurance that provides cash benefits and medical care for employees who are injured and/or become ill while on the job during the course of employment. In exchange, the affected employee relinquishes his/her right to sue said employer for negligence. As remote work becomes more and more common, you will also need to get confirmation regarding home, home-office, office, etc.