Keep Your Greatest Asset Safe
With all the different insurance options available, one of the most overlooked options is disability insurance. If you take a moment to think about it, your greatest asset is not your home or your investments. It is you and your ability to bring home income that helps take care of your home and family. Why not protect all your assets, including yourself?
If you are permanently disabled, social security disability will not pay out as quickly as you may think. Also, if you need to undergo surgery and take extended time off from work, do you have the savings that may be required to pay your bills while you recuperate? Talking with a professional at The Nowell Agency can help you find the right type of coverage to complement your financial portfolio.
Pick the Best Type of Disability Insurance to Preserve Your Financial Future
Depending on your needs, you have two primary forms of disability insurance – short-term and long-term. Each provides coverages for distinct types of disabilities. A financial agent can help you navigate the terms and guidelines in order to get the best coverage for you.
- Short-term disability insurance – If you need to be off work for a few weeks or months, short-term disability may help fill the gap created by your missing paycheck. Depending on your policy, coverage duration may be between 60 and 180 days. This type of disability insurance may also potentially replace up to 80% of your income, or at least a significant portion.
- Long-term disability insurance – If you are out of work due to sickness or disability for more than 180 days, long-term disability insurance may kick in. These policies are different from short-term disability policies. While they may cover up to 60% of your income, the term can last for several years or the rest of your life depending on your policy.
Disability insurance helps bridge the gap between your income and your savings. When deciding on a policy and how much coverage you need, consider your current financial position. For example, look at your expenses and any savings you have. Our team at The Nowell Agency has the expertise to help you make the best decisions to protect your financial future.
Protect Your Most Important Asset with Disability Insurance
Keep your family protected in times of injury or illness by purchasing a disability insurance policy. The Nowell Agency understands the nuances of insurance. We work with a variety of insurance companies to provide you the best options for your planning needs. Our agents will gladly discuss your disability insurance needs and design a policy to meet your requirements and budget.
Contact one of our offices near you or email us to schedule a meeting with a knowledgeable and experienced agent at The Nowell Agency. Request More Information.