At some point in their lives, one in four Americans will suffer a disability that prevents them from working. Unfortunately, even short-term disabilities can wreak havoc on your finances, especially if you’re the primary earner. Disability insurance provides the resources to maintain your quality of life if you have an accident or develop a severe medical condition.

Answers to Common Questions About Disability Insurance

Will Social Security Disability Insurance (SSDI) cover the costs of a disability?

While SSDI does provide cash payments and medical care for permanent disabilities, the application process is long, and the benefit amount likely won’t replace your income. Private disability insurance fills the gaps and pays claims for short-term illnesses and injuries.

When should you buy disability insurance?

Your risk of disability increases with age, so insurance premiums will get higher as you get older. The best time to buy disability insurance is when you’re young, before a disabling medical condition or accident.

How do you prove a disability?

While SSDI requires the government to verify your disability, private insurance relies on your doctor’s recommendations. If your doctor decides that your medical condition makes it impossible to work, your private insurer will likely pay benefits if you meet the other criteria in your policy.

How long will it take to start receiving benefits?

The waiting period before benefit payments begins will vary between policies. Policies with lower waiting periods ensure they handle the claim promptly, but they may have higher premiums than those that require longer terms.

Disability insurance provides peace of mind and protects you from the unexpected. With a wide range of policies from several leading carriers and experienced agents, Toohey Insurance Service in Somerset, KY, will help you make the right choice. Visit their website for more on their insurance options, call (606) 678-0540 to request your free quote, and follow their Facebook for regular updates and advice.