Long-term disability insurance policies provide benefits that are designed to relieve the financial burden you may face when health conditions prevent you from working for a long period of time, usually after short-term disability benefits run out after three to six months. Here are some of the biggest reasons why we recommend you have a short and long term disability insurance policy
If you are injured while working, your workers compensation claim could become the subject of a legal battle between you and the employer or their insurance company. During this time, short and long-term disability benefits can provide you with financial stability.
Your short and long-term disability benefits will cover lost income, whereas other types of coverage may not.
Being approved for Social Security Disability benefits can be a lengthy process. Your short and long-term disability benefits can provide you with financial stability while you are going through this process.
The Social Security Administration has found that 25% of 20 year olds will become disabled before they reach retirement age. Becoming disabled before retirement age is more common than most believe.