Disability insurance might sound like it’s only for individuals who are already disabled, but it can benefit almost everyone. Learning about disability insurance today can help protect you and your family in the future.

What Is Disability Insurance?

Disability insurance in Scottsdale, AZ provides financial support by supplementing a portion of your income if you are unable to work due to an illness or injury. Many employers include disability insurance as part of their standard benefits package. However, self-employed individuals can also purchase disability insurance to safeguard against unexpected events.

Long-Term and Short-Term Coverage

Disability insurance policies typically offer both short-term and long-term coverage. Short-term disability insurance provides benefits for illnesses or injuries that temporarily prevent you from working. For example, employees may qualify for short-term disability if they undergo knee surgery and need a month to recover before returning to work.

Long-term disability insurance applies to situations where an illness or injury persists for an extended period of time. This may include complications after surgery or severe medical conditions such as liver failure or cancer. A representative at Alliance Insurance Partners can explain when long-term disability coverage takes effect and how it works.

Income Supplementation

The primary purpose of disability insurance is to supplement your income when you are unable to work. Most policies pay a portion of your paycheck, helping you cover bills and maintain financial stability for your family until you can return to work.

Who Is Disability Insurance For?

Disability insurance is beneficial for everyone. If you have coverage through your employer, it’s important to review the policy details to ensure it provides adequate protection. Self-employed individuals and gig workers who may not have employer-provided disability insurance can purchase their own policies.

Agents at Alliance Insurance Partners can help you determine whether you need additional coverage to protect your financial interests. Contact us today to explore your options. We proudly serve the Scottsdale, AZ area.