Disability Insurance

Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary’s earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. For example, the inability to maintain composure as with psychological disorders or an injury, illness, or condition that causes physical impairment or incapacity to work.

What is disability coverage?

This type of personal insurance policy protects you from loss of income if you become unable to work. Unlike workers’ compensation, disability insurance covers disabilities that originate outside of the workplace. With disability coverage, you can still receive a portion of your income while you are unable to work. This helps you cover your usual living expenses. There are two types of DI:

How much does disability insurance cover?

Disability coverage is based on your pre-tax income. You can purchase up to about 60% of your pre-tax pay, which will usually come close to replacing your full take-home paycheck. Sometimes there is an option to “over-insure” yourself and purchase coverage beyond your current income. This makes sense for people who expect their earnings to increase in the future.

Get a quote for disability insurance coverage!

A disability insurance quote shows you how much you would pay monthly or annually for your policy. You can get a new quote for disability insurance any time. Want to find an insurer where you’re more than just a number? We are proud to be a Hispanic-owned financial institution with humble roots in South Texas. Give our insurance agents a call to discuss your disability insurance needs and get a quote for coverage. Let’s get started today!

Rio Grande Valley – (956) 682-1722
San Antonio – (210) 572-3222