Indiana disability insurance, available through Acceptable Answers to Insurance, can help you bridge the gap when you are incapacitated. Loss of income due to illness or injury is one of the biggest problems facing workers, and the financial devastation from being unable to pay bills has left more than one person homeless.
Financial advisors recommend at least 3 months worth of your salary to be saved up in case of emergency. Some of the advisors even say 6 months of salary. This way, if you become incapacitated, you’ve got no loss of income for at least 3 months. But, how many of us can do that in this economy? Maybe if you had a savings account, but it’s gotten tapped out with the crazy economic weather you’ve had. This means that if something happens to you or your spouse, you don’t have anything to fall back on. That is, unless you have Indiana disability insurance.
Indiana disability insurance is designed to replace your income if you are injured or sick and can’t work. If the injury or illness is job related, you get workman’s comp. But if it’s not, you’re on your own. Your disability insurance will also supplement your workman’s comp, if you need it to. While some states require people to carry their own disability insurance, Indiana does not.
You usually have insurance to protect our major assets. For instance, your home is possibly the greatest asset many people own, and put homeowner’s insurance on it. Cars are the next most expensive asset that people own, and are required by law to carry insurance on that. Liability is required in almost all of the 50 states. And, many people consider health to be a major asset, and carry health insurance to maintain medical coverage. Many of us neglect the greatest asset of all, income. Your ability to work is often taken for granted, until it’s lost it. But you can get insurance to protect your income, too, through Indiana disability insurance.
Any injury or illness that keeps you from working can qualify you for a claim on your disability insurance. Anything from cancer treatments to maternity leave can justify your claim. It depends on the kind of pricy you choose.
- A short term policy, for instance, will pay benefits for between 3 months and one year. This is usually enough time to get back on your feet, if the injury or illness is not catastrophic. With a short term policy, you can anticipate a quicker payout, but it will be a little more expensive.
- A long term policy is designed to supply benefits for over a year. This is good for someone who might have to go through rehab to be able to work, again. With a long term policy, you won’t have premiums as high as with a short term policy, but you’ll wait longer for the payout if you are disabled.
Indiana disability insurance can be designed to bridge the gap to protect your assets. Our friendly insurance agents are here for you and are eager to help you find the best plan for you. Visit our website or call us toll free at (888) 355-7129.
