CoastalBGA Insurance offers clients in Florida and throughout the entire U.S. long term disability insurance policies that actually protect them and their finances. Disability insurance can help you and your family financially by replacing lost income due to illness or inability to work. Although often unexpected, preparing for these situations is important.
What Is Disability Insurance?
Disability insurance works by paying a percentage of the employee’s salary if they become disabled and unable to perform at his or her job. A disability can occur from accidents at work or from debilitating illnesses. If this is the case, disability insurance can reimburse disabled workers for some of the income they would have received if they were able to work.
Unlike disability through Social Security, private disability insurance can cover up to 70% of a worker’s salary. There are several types of disability insurance that can come in short-term or long-term packages. Short-term disability covers illnesses up to 2 years, while long-term disability can cover a hefty sum of a worker’s salary for an entire lifetime. If you are confused about the different disability insurance types, give us a call so that we can help guide you in the right direction.