disability insurance

Disability Insurance

Disability Insurance Helps Protect Your Future

You rely on your paycheck. Disability insurance can help protect it. If you’re totally disabled due to sickness or injury and can’t work, disability insurance offers coverage that can provide money to help pay your mortgage, rent, car loans, and other monthly expenses. It may also help prevent using your retirement or education savings if you can’t work. Let’s talk.

Did You Know?

Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.
Insurance statistics show that only 9 percent of long-term disabilities actually resulted from serious accidents.

Types of Disability Insurance

Long-Term Disability Insurance

Long-Term Disability Insurance Goes to Work When You Can’t

Most people don’t realize the high risk of becoming permanently or temporarily disabled at some point in their lives. If you were totally disabled and couldn’t work as a result of an illness or injury, do you have the resources today to cover your expenses for weeks, months, or even longer?

How Does Long-Term Disability Insurance Work?

  • It pays monthly income directly to you when you’re unable to work because of a covered total disability.
  • You choose the length of time you must be disabled before you start receiving benefits (Elimination Period) and the length of time you would receive benefits.
  • Options include a five-year benefit period or a “to age 67” benefit option.
  • Maximum monthly benefit amounts range from $500 to $20,000, based on your income and occupation.
  • You can customize your coverage with different riders.

Did You Know?

  • Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.*
  • Insurance statistics show that only 9 percent of long-term disabilities actually resulted from serious accidents.**
  • According to a Bureau of Labor Statistics 2014 Study, just 33 percent of the U.S. workforce had long-term disability coverage.

By Owning A Long-Term Disability Insurance Policy, The Monthly Benefit Can Help:

  • Pay your bills
  • Pay your rent or mortgage loan payments
  • Buy groceries
  • Make car payments

Short Term Disability Insurance

Short-Term Disability Insurance

If you receive a paycheck, here’s a way to protect your earned income. A short-term disability policy offers you income protection to help cover monthly expenses (such as mortgage, rent, utilities, or car loan) if you’re unable to work because of a total disability due to illness or injury.

Policy options are designed especially for short-term disability. They include one- and three-year benefit periods, with a monthly benefit amount ranging from $300 to $3,000 (subject to your income and occupation class).

Did You Know?

  • Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.*
  • Insurance statistics show that only 9 percent of long-term disabilities actually resulted from serious accidents.**

Coverage for You

Short-term disability insurance can provide funds for whatever you need to protect. Mortgage, rent, or a car loan are just some of the monthly expenses that can be funded. The benefit period and monthly amount choices allow you to choose the right coverage for you.

Using Savings

Savings accounts can serve as a temporary safety net, but most people haven’t saved enough. A disability policy can provide a longer-term solution. According to the 2014 Consumer Disability Awareness Study, 57 percent surveyed said they had enough savings to pay their bills for 6 months or less.

Collecting Social Security

Because the definition of disability is very strict (the disability must be expected to last 12 months or more, or result in death), 65 percent of all claims submitted are denied. In 2016, the average Social Security benefit amount was $1,166 per month.***

Consider Short-Term Disability Insurance

For additional information on short-term disability insurance or long-term disability insurance, schedule a call with Misner Benefits to talk about your disability insurance needs.

Mortgage Disability Insurance

Mortgage Disability Insurance Keeps You Protected

It may be difficult to make your mortgage payments if you’re totally disabled due to illness or injury and can’t work. State Farm™ is there to help with mortgage disability insurance that provides you with a monthly benefit amount.

What is Mortgage Disability Insurance?

Mortgage disability insurance kicks in if you’re totally disabled due to illness or injury. It can help you meet your mortgage payment for up to three years.

Individual Credit Disability Insurance

Protect Your Credit With Individual Credit Disability Insurance

If you become totally disabled, monthly loan payments are the least of your concerns —such a disability could stop the income you need to make monthly loan payments.

Don’t let a disability damage your credit. Individual credit disability insurance from Misner Benefits provides you with funds to meet your loan obligations, with payments going directly to your lender.

Request an Appointment

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