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:
- Short-term: Provides coverage for a temporary period when you cannot work due to injury or illness. Short-term insurance generally offers a term of three-six months.
- Long-term: This coverage is for longer, or more permanent periods of disability. For example, long-term disability benefits may last until retirement age, another specific age, or recovery from your condition.
How much does disability insurance cover?
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
Investment & Insurance Products : NOT FDIC INSURED – NOT GUARANTEED BY THE BANK – MAY LOSE VALUE
