Disability Insurance

Most individuals aren’t financially prepared to support themselves if they are suddenly unable to work. Disability insurance provides financial security by helping working individuals cover necessary expenses and maintain their current lifestyles if they’re unable to work due to a covered illness or injury.

At KSA Insurance, we help residents in South Carolina and across the southeastern United States find comprehensive disability insurance policies that provide them with peace of mind at an affordable price. Read on to learn more about disability insurance, and contact us today for a custom quote.

What is Disability Insurance?

Health insurance may help cover medical expenses, but to cover living expenses when you miss work due to illness or injury, you need disability insurance.

Disability insurance provides cash to policyholders who are forced to miss work for an extended period of time due to a covered injury. This cash can be used for rent, mortgages, car payments, and other monthly expenses.

The amount of cash provided is based on a percentage of your income, and you will continue to receive benefits for the amount of time specified by your insurance policy.

Types of Disability Insurance

The two primary types of disability insurance are long-term and short-term:

Short-term disability insurance provides coverage for a short period of time and is intended for temporary disabilities. Policyholders can use the cash they receive from their policies for monthly living expenses and to replace lost income. Policyholders may receive benefits for anywhere from three months to a year.

Long-term disability insurance offers protection for a longer period of time and is intended for more serious disabilities that might last for years, and in some cases until you reach age 67. There is also an elimination period, which is the length of time you must be disabled before you receive any benefits.

How Much Coverage Do You Need?

The amount of coverage you need depends mostly on how much income is required to cover your monthly living expenses, including mortgage payments, utilities, groceries, childcare, etc.

Typically, at least 60% of your after-tax monthly income is recommended to ensure you can maintain your lifestyle after you’re unable to work.

Get A Quote

Disability insurance provides workers with the money they need to support themselves and live comfortably following a covered injury or illness that prevents them from working. At KSA Insurance, we work with most major insurance carriers to help individuals find affordable insurance policies that meet their coverage needs and provide invaluable financial security. Contact KSA Insurance today to request a quote and learn more about our disability insurance offerings.

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