Disability Income Insurance
When a physical injury keeps you from working, disability insurance can help get the bills paid. In reality, disability insurance is as important as (and in some cases, even more important than) life insurance. There are many kinds of disability policies and options.
Comprehensive Disability Insurance Services
However, the basics are simple. The first variable is the desired monthly benefit amount. Most disability policies have a fixed monthly benefit that does not increase with time, although you can purchase additional coverage with a rider that would increase the benefit payment by a scheduled amount or with inflation.
The second variable is the definition of disability — whether it is “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.
The third variable is the waiting period, or the amount of time you must be disabled before benefits begin. These waiting periods can range from 30 days to one year. The longer you wait the less your disability policy will cost.
The fourth variable is the benefit period, or how long you will receive monthly benefits once your policy starts paying. The benefit period can range from six months to life, depending on what you choose as well as what your insurance company is willing to offer you.
In addition to these variables, there are other coverage features, as well as a variety of riders.
Need Some Help with Disability Insurance?
At Northern Insuring Agency we enjoy helping customers with their insurance questions. Contact us today for more information or if you’d be interested in a free review or insurance proposal, 800.807.6542.
Please be advised, some products and services may not be available in your area.
Individual Insurance Products
When a physical injury keeps you from working, disability insurance can help get the bills paid.
There are many types of life insurance to fit individuals needs and circumstances. Term insurance, Whole Life, Universal Life, and Variable Life are some basic types available.
Long Term Care Insurance
Long term care is something you may need when you can no longer perform activities of daily living or everyday tasks by yourself.
There are different types of Medicare plans to fit your needs and circumstances, such as Medicare Advantage, Medicare Supplement, Dual Special Needs, and Stand-Alone Part D plans.
Please contact us today to speak with a licensed representative 800.807.6542
Three Locations to Better Serve You
*Our Massena office has closed and we are now in Potsdam!*
Monday – Thursday 8:00 am – 4:30 pm, Friday 8:00 am – 2:30 pm
171 Margaret Street
Plattsburgh, New York 12901
92 Main Street
Whitehall, New York 12887
69 Market Street
Potsdam, New York 13676
Phone: (315) 769-2404