Instant Disability is determined to be a reliable source for the best insurance products for disabled professionals and people with disabilities. Our online application process allows you to apply for your Disability Insurance policy quickly and easily over the Internet.
If you are a professional, you may have considered that you would need to be in a coma or out of work for an extended period of time. Disability insurance policies vary and they typically have deductible clauses and waiting periods before they kick in. We provide a policy that kicks in as soon as an injury is sustained; allowing you to focus on healing rather than worrying about if you will be able to pay your bills.
When a person cannot work, they count on their income. If the injured person is not yet 65 years old, they will qualify for Social Security Disability benefits payments. This insurance is intended to replace about 50% of the injured person’s income if they are unable to work.
Disability insurance is an important part of a professional’s health and financial security. When you encounter a disability, your income can become limited, affecting the ability to pay your bills, buy food and even afford to live. This can be a life-changing event, leaving you no longer able to work or care for yourself. Disability insurance can help provide financial assistance in the form of short-term cash payments and long-term care coverage in case you need it.
There are two main types of disability insurance:
Short-term and long-term:
Short-term coverage provides either temporary benefits (typically up to six months) or a lump sum payment in the event of a permanent disability (typically one year).
Long-term coverage pays out benefits over time until you’re no longer able to work due to permanent disability.
A general manager may be able to qualify for disability coverage through the Small Business Administration (SBA) program. This program offers loans and loan guarantees to help small businesses get started. To apply for SBA financing, you must have a business plan and show that your business has a reasonable chance of success. You must also meet certain eligibility requirements, including having a net worth of at least $5,000 and a personal net worth of at least $100,000. The SBA will consider the factors listed above when deciding whether to approve your loan application.
It provides financial support to people who are unable to work due to an illness or injury. It can help cover a wide range of costs, including medical expenses, permanent disability payments, and lost wages. Disability insurance is particularly important for people who are out of work or have an injury or illness that prevents them from working.
To get the most benefit from your disability insurance plan, make sure you understand how it works and what your options are. You may be able to get a policy with more coverage or at a lower cost. Furthermore, you may be able to apply for additional benefits, such as long-term care coverage or Medicare premium assistance. To find out if disability insurance is right for you, contact a qualified advisor today.
