South Louisiana short and long-term disability insurance pays a certain amount of your income should you become disabled. The American Council of Life Insurers states that one third of Americans will become disabled for at least 90 days between the ages of 35 and 65.
Understanding South Louisiana Disability Insurance
When choosing a plan, consider these factors:
How much of your income will it cover, and for how long? Coverage usually ranges from 40-60% of your income. Short-term disability will usually pay benefits for six months. Long-term disability can pay out up to when you turn 65.
How long is the elimination period? This is the amount of time for coverage to begin, after you become disabled. You will usually pick between 30 and 180 days. Obviously, the longer the elimination period, the cheaper your rate will be.
What exclusions are written in? Make sure that pregnancy is covered if you might want to have a child. Disability insurance won’t cover a current pregnancy or any other pre-existing conditions.
Everyone’s risk profile is unique. Let Bruni Insurance Agency do the shopping for you! Our agents will get rates from a number of different companies to find the best solution at the most affordable price.
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