Many people in Evergreen Park, IL have misconceptions about the different types of disability insurance available to them. Some believe disability insurance is only for short-term issues. Others only know about long-term disability insurance. The Martin Insurance Team believes both types are important. Here’s why you would choose one, the other, or both.
Short Term Disability Insurance and What It Covers
Short-term disability coverage can last from a few weeks to a year. These benefits come into play if you suffer from a lengthy illness or injury that needs a little time to heal.
When the disability insurance starts providing coverage, it will only do so for the length of time specified in the policy, or until you max out the coverage amount. Short-term disability insurance can also cover things like childbirth.
Long-Term Disability Insurance and What it Covers
Long-term disability insurance works in much the same way, but it covers you over a greater length of time. After the claim process, a long-term plan can pay out benefits for years, or even a lifetime.
The types of disability claims long-term coverage supports can include things like musculoskeletal disorders, cancer, and cardiovascular diseases. In many cases, a long-term plan can kick in when a short-term claim ends.
Evaluating Your Need for Individual Disability Insurance
Many people receive disability insurance through their employers. Unfortunately, employer group plans aren’t always enough coverage if you find yourself with a short or long-term health issue. And it’s just as unfortunate many people don’t find this out until it’s too late.
Evaluating your need for disability insurance in Evergreen Park, IL requires a thorough review of your occupation, lifestyle, and budget. No one policy will work for everybody.
That’s why it’s important you speak to the Martin Insurance Team about which options will work for you specifically. Whether it’s short or long term, we can help you get the coverage you may need. Contact us today for more information about individual disability insurance.