Individual Disability Insurance
Individual disability insurance is used to replace lost income if you are disabled or cannot work due to an injury or illness. At TW Group, Inc., we can tailor a disability insurance policy to fit your individual needs. Many studies say that Americans can have a long-term disability by the age of 65, so this complement to your health insurance is necessary.
An individual disability insurance policy is a good way to cover income losses even with those who have some employer-paid coverage. Typically, disability premiums paid by you are not taxed but employer-paid benefits are. There are 2 types of individual disability insurance policies – long-term and short-term.
Basic Types of Disability Insurance
- Individual disability income policy
- Social Security disability benefits
- Employer paid benefits
Let an TW Group, Inc. agent explain the different options you have when considering individual disability insurance.