Disability insurance can help Odessa, FL residents afford living expenses if they become partially or completely disabled. However, it’s important to understand the different types of disability policies before you apply for insurance. Coverage and waiting periods may be significantly different depending on what kind of policy you obtain. Be sure to compare the pros and cons of each option before you enroll.
Short-Term Insurance
As its name suggests, a short-term disability policy typically remains in effect for a relatively brief period. Many of these policies protect you for 12, six or three months. On the other hand, a major advantage of short-term insurance is that it goes into effect quickly. The waiting period is usually no more than two weeks. Both group and individual plans are available.
Long-Term Insurance
After you sign up for coverage, a long-term disability policy normally won’t go into effect for three months or longer. If you become disabled during this time period, it won’t be covered. Afterward, the policy protects you much longer than short-term insurance. A long-term policy may cover you for up to a decade or longer. Some insurers provide disability coverage that lasts for the rest of your life or until you reach retirement age.
If you need help choosing the best type of disability policy or finding the right insurer, turn to the professionals at A. L. Saland Insurance Solutions Inc. Our independent agency, serving Odessa, FL, researches coverage options for customers, so you won’t need to contact several different companies to compare quotes. Call 813-995-0292 for expert advice from the team at A. L. Saland Insurance Solutions Inc.
