If you are facing a serious illness or injury, you may find that you are unable to work for a number of years. Being able to have replacement income is essential to ensure your family’s financial health and emotional well-being during this period of time. This is why you should have a plan for long-term Disability Insurance in Clarks Summit PA in place.
When you purchase long-term disability insurance, it is an investment that will help to protect you, as well as your family, during rough patches. However, it is important that you first understand exactly what it is that you are purchasing. Some tips to help you find the appropriate type of disability insurance for your needs are highlighted here.
Assistance from the Government
While there are some people that simply rely on the assistance of the government for their long term insurance needs, this can be an extremely risky plan. The ability to obtain Social Security can be lengthy and if you are successful, the income that you receive will likely not come close to what your current income is. While you can count on the assistance of the government as a supplement, you should not count on this as your only source of income when you are unable to work.
Policies from Employers
There are a number of employers and companies that will offer their workers long-term Disability Insurance in Clarks Summit PA. You should ask about this option to see if it is offered at your place of work. You should also inquire about any short term disability your employer may offer.
It is also a good idea to consider supplementing the insurance you receive from your employer with your own policy. Also, it is essential that you ensure you understand the specifics of the employer provided policy. Not every policy will cover all types of disabilities that you may want to be covered for. When this is the situation, you can work with a private insurance company to ensure that you have a policy that will cover all types of injuries or illnesses that may occur.
