Disability Insurance in Chester, NY
You’ve worked diligently and responsibly throughout your career to secure stable and sustainable income for yourself and your loved ones. However, at any moment, an unexpected health issue could interrupt regular earnings for even the most experienced and skilled professionals. In these situations, you may not be able to continue working while facing ongoing expenses and bills. As such, you’ll need an alternative source of income. Thankfully, disability insurance can provide relief. 
What Are the Benefits of Disability Insurance?
As its name suggests, disability insurance can provide critical financial assistance if a policyholder develops a temporary or permanent disability. Illnesses, injuries and other health conditions can all keep a person from working and earning their usual income, but suitable disability coverage can help replace these financial resources. Furthermore, unlike workers’ compensation insurance, disability coverage may offer aid even for incidents unrelated to your job.
How Do Policies Work?
Like many types of insurance, disability policies establish a contract between you and your carrier. You’re responsible for paying regular (e.g., monthly) premiums to retain coverage, and, in exchange, you have the right to file a claim for financial assistance should you develop a disability. Policies typically come in the following two forms:
- Short-term disability insurance may be more affordable and can provide income replacement for a limited period (e.g., up to 24 months).
- Long-term disability insurance can potentially offer benefits for many years or even throughout the rest of your lifetime but may be more expensive.
What Does My Insurance Cover?
The exact details of disability insurance may vary significantly depending on the type of policy you select and the carrier with which you work. Generally, you may be eligible to receive benefits to assist with the following:
- Injuries (e.g., lost limbs, broken bones and musculoskeletal conditions)
- Illnesses (e.g., heart disease and cancer)
- Mental health issues (e.g., depression)
Get the Right Coverage
Contact the Morais Agency today to learn more about disability insurance and ensure you and your family have the right coverage.