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What Does Disability Insurance Provide?

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3 responses to “What Does Disability Insurance Provide?”

  1. Kelly Moser Avatar
    Kelly Moser

    Simply put — disability insurance provides paycheck protection.  Should you become sick or injured and are unable to work, it provides a monthly benefit to take the place of your income. It provides families with stability, and at the same time, it can offer a business peace of mind in knowing that it can still function if a key person is disabled (in regard to Key Person/Man DI).

  2. Larry Gilmore Avatar
    Larry Gilmore

    what does disabilty insurance provide?    Replacement income. Disability insurance simply provides a check every month so you can continue to pay your bills, buy your groceries, pay for your gas and pay your copays and deductibles, just to mentions a few things that a disability insurance check provides for.

  3. David Racich Avatar
    David Racich

    Disability insurance can provide you income in lieu of lost wages because of a disability. The disability insurance benefits can be up to 60% of your compensation or if you deduct the disability insurance in a business scenario, it covers up to 80% of your compensation, but it’s taxable income to you.
     

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