what is the most valuable resource that anyone possesses is their ability to provide an income. If everything else that you own or care about is insured and this ability is removed there may be no way possible to pay the premiums on other insurance or even to keep that which is insured. Illinois Disability Insurance will provide you with an income should you become sick or disabled.
Even with benefits such as Illinois Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi workers compensation and Social Security, individual disability insurance benefits are still important. A disability financially can be worse than death, since living expenses continue and may increase due to a need for expensive specialized care. Many people also purchase disability insurance to help ensure a continuous income should they suffer disabilities that are not covered by Social Security.
what do individual disability insurance coverages pay. A percentage of your salary if you become temporarily disabled, meaning that you are not able to work due to sickness or injury (excluding on-the-job injuries, which are covered by workers compensation insurance).
Coverage Features
Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi Illinois disability insurance policies have a fixed monthly benefit that does not increase with time, although you can purchase extra coverage, or riders, that offer higher payment schedules.
what disability types include:
Own Occupation - the inability to perform the duties of your specific occupation or Any Occupation - the inability to perform the duties of any job for which your education and training make you qualified.
You can choose the length of the waiting period on your Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi Illinois disability insurance policy. Waiting periods can range from one week to two years and the longer you wait the less your disability insurance policy will cost.
You also can choose the length of the benefit period, which is how long you will receive monthly benefits once your disability insurance policy starts paying.
Review the types of disability and supplemental insurance we offer residents of Illinois by clicking on a link below.
- Short Term Disability Insurance Policy
- Long Term Disability Insurance Policy
- Cancer Insurance - Supplemental Health Coverage
- Critical Care Supplemental Health Insurance
Whay a short term disability insurance policy
Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi Illinois short term disability insurance is sometimes referred to as Accident and Sickness insurance. It provides benefits for a limited period of time, typically 26 weeks or less. Short term disability usually provides coverage for accidents or illnesses outside of work when Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi Illinois workers compensation insurance does not apply.
You would begin receiving money from your Illinois Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi short term disability insurance policy within 1 to 14 days after becoming sick or disabled. The actual time for coverage to begin depends on whether you suffer an illness or injury. If you suffer an injury, your benefits will be paid immediately. If you suffer an illness, it will take longer because there needs to be sufficient time to show that the illness is grave enough to be disabling.
You choose the amount of income (up to 66% of your gross income) from $400 to $2000 a month when you can't work due to an accident or illness.
- Benefit periods of up to 2 years!
- Short waiting periods 1 to 14 days!
Long Term Disability Insurance Policy
Illinois long term disability insurance provides benefits for a limited period of time, typically 2 or 5 years and is also usually guaranteed renewable until the age of 65. Long term disability insurance usually provides coverage for accidents or illnesses outside of work when Illinois Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi workers compensation insurance does not apply.
You can begin receiving money from your Illinois Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi long term disability insurance policy when the "waiting period" time chosen for the policy is reached. Typically, 6 months to a year is chosen for a waiting period in order to reduce your premium, but shorter times are available.
You choose the amount of income (up to 66% of your gross income) from $400 to $3000 a month when you can't work due to an accident or illness.
- Benefit periods of 2 & 5 years!
- Short waiting periods 7, 14, 30, and 90 days!
- Guaranteed renewable to age 65
- 24 hour coverage - on or off the job!
- $2,500 Accidental Death Benefit included!
- No restrictions on how the money is used!
- No benefit reduction at age 65!
- Hospitalization Rider pays up to double your benefit per month (for two months) if any injury or sickness puts you in the hospital!
Or you can speak with our Illinois Indiana, Ohio, Michigan, Texas, Louisiana or Mississippi disability insurance agent specialist toll free at 888-966-8579 to discuss the features.
