What is disability insurance and how does it work?

What is and how does disability insurance work? Disability insurance provides partial income so you can pay your bills if you get too sick or injured to work. The benefits last until you go back to work or for the number of years stated in the policy. Disability happens more often and to more people than you may think. Disabilities that are caused by illnesses like heart disease, arthritis and cancer are more common than disabilities from injuries. Short-term policies help you right after an accident and will replace a portion of your income for about three to six months. Long-term policies will generally begin about six months after the disability and can last years or even until retirement. Your long-term disability plan will typically pay between 50 and 70 percent of your pre-disability earnings up to a maximum. The insurance company will start paying once you've gone through the elimination period. The elimination period is the waiting period or that length of time from when your doctor diagnosed the disability to when you can actually start collecting from that policy. I'm Kelly Augsburger with Steadfast Insurance and if you have any questions or want to learn more connect with me online and I'm happy to help.