Disability Insurance in Encinitas, California

Accidents and injuries happen all the time, and for most of us they’re only temporary setbacks. However, what if the damage proves permanent? What if you become disabled, or even die due to something you cannot control? How would you support yourself? How does your family keep going? 

Put these questions out of your mind with the help of disability insurance, or death & dismemberment coverage. With insurance, you can circumvent many of the negative side effects of these happenings. Call Schulte Insurance Agency at 760-436-5015 to get the coverage you deserve today. 

What’s disability insurance? 

To support yourself, you must work for a living. Likewise, if you cannot work, your income could dry up. Disability insurance helps during situations like these. 

If a permanent or temporary disability sidelines you, coverage can help you remain stable. It might support some or all your lost income to help you recover from such setbacks. In the end, it’ll help you receive more protection for times when you become financially vulnerable. 

How can you get disability coverage? 

There are multiple types of disability insurance out there. Several sources exist for getting coverage. 

What are the types of disability insurance? 

Some disabilities, like a broken leg, might prove temporary. You might only not be able to work for a few weeks. Still, other problems, like a chronic illness, might mean you have to stop working altogether. Depending on the classification of your injury, the type of disability coverage you can receive might vary. 

1. Short-Term Disability policies have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years. 

2. Long-Term Disability policies have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life.  

You’ll might have to undergo a verification process to qualify for a claim on the policy. However, this will vary from situation to situation. 

You cannot understate the benefits of these policies. They are non-cancelable and have a guaranteed renewal rate. That means, as long as you pay your premium, your coverage won’t go away. Your insurer also won’t charge higher premiums or reduce benefits unless it happens to everyone in your risk class. 

Various options like coordination of benefits and residual disability riders will exist. Talk to your insurance agent about how each choice can better support your overall solvency. 

Get More Protection with Accidental Death and Dismemberment Coverage

Another type of coverage that might benefit you after a disability is accidental death & dismemberment (D&D) coverage. It comes into play if a severe accident permanently disables or even kills you. 

Let’s say for example, that an accident causes you to lose a limb. You might no longer be able to work, or even support yourself. You can receive a settlement from your D&D insurance company to support yourself. If an accident causes your death, your survivors can receive coverage as your beneficiaries.  

This coverage can prove extremely beneficial in the event of the most severe accidents you can face. While some limitations do exist for receiving a full claim, you can get a financial cushion in case of a very devastating occurrence. You can often use this coverage alongside an existing life insurance policy to protect your own solvency. 

Talk to your insurance agent about the benefits of this protection. At times, you might not find it beneficial. Still, your insurer can help you determine whether the benefits outweigh the costs.