Injuries and illnesses can be devastating. Protect yourself with disability income insurance.

What would happen if you were disabled and unable to work, even for a short period of time? What if you had a significant illness or injury that forced you away from work for years? Would you be able to continue to support your family, pay your mortgage and manage your other expenses? Chances are most people would struggle, eat up their life savings and put their entire future at risk.

Disability income insurance is one way to help protect against the devastating financial impact of an illness or injury that keeps you from working. Disability insurance provides income replacement if the insured person becomes disabled and is unable to work. It replaces a percentage of the insured’s pre-disability income, so he or she can continue to pay the bills during recovery.

Short-term disability insurance provides income replacement for 13 – 52 weeks.

Short-term disability (STD) insurance pays a percentage of your salary if you become temporarily disabled (unable to work for a short period of time due to an illness or injury). A typical STD policy replaces a portion of your weekly salary, usually 50%, 50% or 66 2/3% for a period of 13 – 52 weeks. Most STD policies place a cap on the monthly benefits you can receive.

STD policies do not pay for income replacement due to on-the-job illnesses or injuries that are covered by workers’ compensation.

Long-term disability insurance provides income replacement for longer periods of time.

Long-term disability (LTD) insurance picks up where short-term disability insurance leaves off. Once your STD benefits expire, a long-term disability policy pays you a percentage of your salary —usually 50%, 60%, or 66 2/3% depending on your policy—for two years, five years or until you turn 65.

Strate Insurance Group can help you find the right disability insurance policy for your needs.

Disability income insurance is complex and requires experienced agents to help you sort through the options and determine which are best for you and your family. The friendly, knowledgeable agents at Strate Insurance Group will get to know you and your family, and will help guide you toward the policy that is right for you. Contact us at (423) 318-5800 to learn more.