According to the SSA, a 20-year-old worker has a 30 percent chance of becoming disabled before reaching retirement age. People who suddenly can’t work due to an accident or sickness will still be responsible for paying their bills and supporting their family. Camargo Insurance Agency Inc. is please to offer a number of affordable disability insurance solutions that can be tailored to meet your specific needs.
Disability is typically defined as the inability to work due to an illness or injury. There are two main types of disability insurance: short term and long term.
Short-term disability insurance replaces a portion of the policyholder’s salary for a short period – typically three to six months following a disability. The specific percentage of replaced income varies with different policies.
Long-term disability insurance typically begins after an insured person is disabled and unable to work for at least six months. The coverage period can extend for a specific number of years or until the insured retired or turns 65, depending on the policy coverage selected and the type of disability.
An Ohio disability insurance policy from Camargo Insurance Agency Inc. can protect your financial future while safeguarding your standard of living by securing a steady income while you are disabled.
Which coverages are right for you? What contingencies should you protect yourself against? How much is all of this going to cost?
At Camargo Insurance Agency Inc., we are committed to helping you find the disability insurance solutions that are right for you – and your family.
Contact us at your earliest convenience to learn more.