Disability Insurance Information
Disability Insurance in North Carolina
Earning an income is one of your most valuable assets. In order to have peace of mind that your income is protected in the event you experience a serious illness or injury, you should consider disability insurance. Disability insurance complements your health insurance and can help prevent unexpected financial hardship. At Inspro Professionals of NC, Inc., we understand that your income is worth protecting.
What Is Disability Insurance?
Disability insurance helps protect you against financial hardship should you experience a serious illness or injury. There are several policy features to consider when choosing coverage:
Amount of income: The amount varies depending on your policy. The most common amount of coverage is 50 to 60 percent of your monthly income. Discuss your needs with an agent to determine the amount of coverage you could need.
Length of benefit period: You’re able to customize the length of time you can receive benefits. This could range from one year to retirement age, depending on your needs.
Residual benefits: This policy feature gives you partial income if your income is reduced due to not being able to perform some or all of your job.
Cost of living expenses: Adding this option means that as inflation occurs, your policy will change and adapt to such.
Waiting periods: Both short- and long-term disability may have waiting periods before coverage will kick in.
Learn More About Disability Insurance
At Inspro Professionals of NC, Inc., we’re here to help you protect your income. Contact your agent today to get started on a disability insurance policy that’s right for you.