Webb Insurance offers Long-Term Disability Insurance in Harrisburg and Hanover, Pennsylvania.
Long Term Disability is the inability to work due to illness or injury. Becoming disabled is a truly life-changing event – long-term disability insurance is purchased to reduce the financial impact. Disability can be either total or partial, the definitions of which vary depending on the policy selected. In addition, the amount of insurance payment is based on the earnings of the disabled individual, typically not exceeding about 60% of income prior to the disability.
Some Things to Consider
- What is the definition of disability?
- How long until am I able to collect the benefit (elimination period)?
- How long does the benefit last?
- What percentage of my income is replaced?
- How is my occupation defined?
Long-Term Disability Insurance can be an important piece of your financial planning puzzle. It can also be a bit confusing to set up properly, making sound advice and guidance that much more valuable.