Disability
Who does this insurance apply to?
People with disabilities Between 18 and 60.
What is life insurance?
Life insurance is a contract between you and an insurance company where the company pays a lump sum (called a death benefit) to your chosen beneficiaries if you pass away. It's meant to provide financial security to your family or loved ones.
What is it?
Insurance that helps pay for care services.
What is it?
Helps over costs you might face if someone steals your personal information and uses it to pay for things like legal fees, lost wages, etc.
What is it?
Insurance that helps pay for temporary care needs.
What two types of disability insurance are available?
Long term and short term
Why do you need this insurance
It Helps your loved ones cover things like funeral costs, living expenses, debts, or future needs.
When should I buy it?
In your 50s or early 60s.
Does identity theft reimburse stolen money?
Not usually
How is this difference from long term care?
Short term is a coverage for a shorter period up to 6-12 months
What is disability insurance?
Disability insurance is a type of insurance that provides income if you are unable to work due to a disabling injury or illness. It helps cover everyday expenses like rent, food, and bills while you recover.
How much life insurance should you buy?
10-15 times your annual income
What does this insurance cover?
Home care, Assisted living, Nursing homes, and more
What does this cover?
Costs for legal help, Credit monitoring services, Fees for freezing and unfreezing credit reports, mailing costs, and more
What does this cover?
Nursing home stays, Rehab after surgery, Daily living assistance
What conditions are usually covered by disability insurance?
Disability insurance typically covers a wide range of conditions, including injuries (like broken bones), illnesses (like cancer or heart disease), mental health issues (like severe depression or anxiety), and chronic conditions (like arthritis or back problems).
What happens if you miss a payment?
You get a grace period of 30 days.
How much does it cost?
1,500-3,000 per year
25-100 a year
Seniors who dont qualify for long term care, people who are looking for affordable coverage, and more
How long does it take to start receiving disability benefits after filing a claim?
Most policies have a waiting period (also called an elimination period), which is the time between when you become disabled and when benefits start. This period can range from a few days for short-term coverage to 30, 60, or 90 days or more for long-term coverage.
Can you change your life insurance policy later?
What happened if i never need this?
If you dont cash you dont get a refund
It depends
How much does it cost?
20-100 per month