Florida Disability Income Insurance Quotes

Florida Disability Income Insurance Quotes – Preparing for the Unexpected

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The value of disability insurance may be lost on individuals until they realize that a person is much more likely to suffer an injury and lose income from missed time at work than they are to be killed by an accident. Even if an individual has a healthy amount of savings put aside, an injury that restricts a person’s ability to work and earn a living can quickly drain any money that they have set aside. This makes purchasing a disability income insurance policy a good choice for just about everyone. Of course, finding the best policy at the best price involves comparing Florida disability income insurance quotes.

When comparing Florida disability income insurance quotes, it is a good idea to carefully study and learn as much as possible about all of the elements in each of the different disability plans. This will include understanding the benefits period, or how long the policy will provide income for the policyholder. There is also a period of time known as the elimination period which occurs between when the injury happened and when benefits begin. The most common type of disability income insurance only provides benefits to individuals up to age 65. Of course, there are policies that offer benefits for as little as two years.

Before comparing Florida disability income insurance quotes, a person might want to check and see if their employer provides any disability coverage. While it is uncommon for employers to offer or provide this type of insurance, there are those that do and it is well worth checking on. Next, an individual will need to decide exactly how much coverage they need. On average, disability plans only replace as much as 60% of a person’s salary. It is also important to understand what types of disabilities are covered by policy.

After calculating exactly what a person’s financial needs are, they should then take into account other factors. For example, if an individual is unable to work for extended period of time they should try to find a disability policy that will provide for future expenses such as college educations. It may be tempting to only purchase a minimum amount of insurance, but this can be a costly mistake in the long term. Once a person has a clear idea on the amount of disability insurance that they need, they can get Florida disability income insurance quotes from us and stop worrying about coverage problems.

JD Insurance & Financial Group Inc.
153 Parliament Loop Suite 1021 Lake MaryFL32746 USA 
 • 855-878-2888