Disability Insurance, often called DI, disability income insurance, or paycheck insurance, is a form of insurance that insures a person’s earned income in situations where they are unable to work such as sickness or illness resulting in a physical incapacity to perform the duties of their job. Disability income insurance can provide you with a portion of your lost income. The policy benefits encompasses a continuing paycheck usually after a specified elimination period (number of days without pay before benefits start) and continues for a short-term (STD) or long term (LTD) disability benefit period depending of the type of plan purchased. Disability benefits are paid monthly to assist you with your mortgage, car payments, living expenses, or to keep your business running.
Statistics show that 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement and could benefit from the purchase of disability insurance.
Connell Insurance Agency Inc. – “Protecting What’s Important To You”
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