Disability Insurance in Dayton, OH

Your most valuable asset is not your house, car or retirement account; it’s your ability to earn a living. Your income allows you to cover daily expenses, save for the future and maintain your lifestyle. But what happens if you suddenly face an illness or injury that prevents you from working? This is when disability insurance becomes crucial.

What Is Disability Insurance and What Does It Cover?

Disability insurance offers financial assistance for individuals who face disability or illness. When someone becomes unable to work, this insurance can help replace a portion of their lost income—often a percentage of their pre-disability earnings—during the time when work is not possible.

Disability policies can differ significantly, influenced by factors such as the waiting period (referred to as the elimination period), the percentage of pre-disability income replaced and the duration of benefits. For individuals who rely on their income to meet financial obligations and sustain their lifestyle, disability coverage can be a vital safeguard. It offers peace of mind and helps ensure financial stability during challenging times when work is not feasible due to a disability.

What Are the Types of Disability Insurance?

The following are the two main types of disability coverage:

• Short-term disability insurance can offer temporary income replacement for individuals who cannot work due to illness, injury or childbirth. Typically, this coverage lasts for a brief period, ranging from a few weeks to several months.
• Long-term disability insurance serves as a more extensive financial safety net, offering protection for an extended period when an individual cannot work due to a severe illness, injury or disability. This type of coverage may be crucial for those facing prolonged recovery times or permanent disabilities that may impact their ability to earn an income over an extended period.

Where to Get Insurance For Disabilities

Contact Universal Insurance Agency to assess your needs, explore options and make an informed decision to protect your future.