Disability Insurance

Disability Insurance

You’ve worked hard for your money. We want to help you protect it.

Disability insurance is designed to protect your income if you cannot work due to illness or injury.  Yet, a common misconception about disability income insurance is that its sole purpose is to cover against catastrophic events resulting from accidents. 

In fact, illnesses like cancer, depression, and multiple sclerosis far more often impact your ability to work and support yourself and your family – 90% of disabilities are caused by illness.

How much does disability insurance cost?

The cost of a disability policy – especially an individual policy – can vary greatly based on benefit length, amount of coverage, age, gender, occupation, and policy riders.  Free quotes are available.

What is disability insurance?

Disability insurance provides partial income replacement so you can pay your bills if you get too sick or injured to work.  Disability happens to more people, more often than you may think.  In fact, more disabilities are caused by illness than injury, including common conditions like heart disease and arthritis, and most disabilities are not covered by Worker’s Compensation.

Some employers will offer short and long-term disability benefits to their employees.  A short-term policy helps you immediately after an incident, and a long-term policy helps provide financial protection for disabilities that can last for years.  You can also pay for additional coverage on top of the benefits you get at work to help provide extra financial protection.

Who is disability insurance for?

If you depend on the income you receive through work to pay your expenses, then you should consider disability insurance.  It ensures that you can continue to receive partial income if you end up too sick or injured to work.

How much is disability insurance in MN

Long Term Disability Insurance

Disability Insurance

You’ve worked hard for your money. We want to help you protect it.

Disability insurance is designed to protect your income if you cannot work due to illness or injury.  Yet, a common misconception about disability income insurance is that its sole purpose is to cover against catastrophic events resulting from accidents. 

In fact, illnesses like cancer, depression, and multiple sclerosis far more often impact your ability to work and support yourself and your family – 90% of disabilities are caused by illness.

How much does disability insurance cost?

The cost of a disability policy – especially an individual policy – can vary greatly based on benefit length, amount of coverage, age, gender, occupation, and policy riders.  Free quotes are available.

How much is disability insurance in MN

Long Term Disability Insurance

What is disability insurance?

Disability insurance provides partial income replacement so you can pay your bills if you get too sick or injured to work.  Disability happens to more people, more often than you may think.  In fact, more disabilities are caused by illness than injury, including common conditions like heart disease and arthritis, and most disabilities are not covered by Worker’s Compensation.

Some employers will offer short and long-term disability benefits to their employees.  A short-term policy helps you immediately after an incident, and a long-term policy helps provide financial protection for disabilities that can last for years.  You can also pay for additional coverage on top of the benefits you get at work to help provide extra financial protection.

Who is disability insurance for?

If you depend on the income you receive through work to pay your expenses, then you should consider disability insurance.  It ensures that you can continue to receive partial income if you end up too sick or injured to work.

What are the types of disability insurance?
Disability Insurance MN
Is it worth it to have disability insurance?

Disability Insurance isn’t cheap, but it is worth It!  Just think of where you and your family would be, where you might end up, if your income was reduced to ZERO?  How would you get by?  The mortgage?  Car payments?  Food and clothing?  Inflation?  Medical bills?  College?

Where would all the money you need come from?

What insurance company is best for disability?

The best disability insurance company will offer a wide range of options to meet your needs.  It will offer long-term and short-term disability insurance policies in addition to both individual and supplemental coverage, with some form of coverage available in most states.

What are the benefits of disability insurance?

People may incorrectly assume what qualifies as a “disability.” For example, they may believe the term applies to catastrophic conditions, such as paralysis from a car accident or a debilitating stroke.  However, disabilities typically are the result of less severe injuries and more common conditions such as pregnancy, back pain, depression, and digestive disorders.

An analysis of disability claims shows “mental health,” which includes substance abuse, as one of the fastest-growing diagnosis categories in the past five years, along with digestive and circulatory issues.

Causes of disability claims
Disability definition

Every disability policy has a specific definition of disability that you must meet to get benefits. The two most common definitions used by disability insurance companies are:

Common types of disability insurance:
Individual Disability Insurance

Individual disability insurance can be ideal for anyone who doesn’t receive disability insurance through work.  It’s also an option for high income earners looking for extra coverage.  Small business owners need this protection.  Anyone looking for financial wellness needs disability insurance.  Not only can you buy this policy on your own, it also stays with you even if you change jobs.

How much disability insurance do I need?

First, use your income needs as a guideline to determine your monthly benefit payout.

Then look at the disability insurance offered through your job and determine if that’s enough.  Generally, you would be paid around 40 to 60 percent of your pre-disability salary.  A supplemental disability income insurance plan, either obtained through work or independently, can cover a portion of income that basic insurance may not.

Finally, the longer you are covered, the more you are paid.  Plus, some professions have time limits.  Office workers can generally be covered up to age 65.

Want help figuring out if disability insurance is right for you?