It is important to evaluate the type of disability coverage you need as well as how much coverage you need. Many employers offer group disability insurance but understanding what that coverage entails is important. Is it short-term or long-term or both? How long will the policy payout? How much of your paycheck is replaced? What qualifies as a disabling event? These are all questions you’ll want to ask to understand what is covered to help you determine if you need more coverage and if so, how much more coverage you should get.
We can help you understand your disability coverage and help determine the coverage needed to protect you in the case of an extended absence from work due to illness or injury. Reach out to us if you’re interested in doing a disability analysis.