Disability Insurance
Protect your most valuable asset - your ability to earn an income. Our disability insurance solutions provide financial security when you need it most.
Why Disability Insurance Matters
Did you know that according to the Social Security Administration, 1 in 4 of today's 20-year-olds will become disabled before reaching retirement age? Disability insurance is often overlooked but is crucial for protecting your financial well-being.
What is Disability Insurance?
Disability insurance provides income replacement if you're unable to work due to illness or injury. It ensures you can maintain your lifestyle, pay bills, and support your family even when you can't earn an income.
Types of Disability Insurance
- Short-Term Disability Insurance: Covers disabilities that last for a short period, typically 3-6 months.
- Long-Term Disability Insurance: Provides coverage for extended disabilities, often until retirement age.
- Own-Occupation Disability Insurance: Pays benefits if you can't work in your specific occupation, even if you can work elsewhere.
- Any-Occupation Disability Insurance: Pays benefits if you can't work in any occupation suitable for your education and experience.
Key Features to Consider
- Benefit Amount: Typically 60-80% of your pre-disability income.
- Elimination Period: The waiting period before benefits begin (typically 30-180 days).
- Benefit Period: How long benefits will be paid (2 years, 5 years, until retirement).
- Definition of Disability: How the policy defines when you're considered disabled.
- Non-Cancelable vs. Guaranteed Renewable: Different levels of premium protection.
Why Choose Garza Insurance Group
Personalized Solutions
We take the time to understand your specific needs and financial situation to recommend the right disability coverage for you.
Expert Guidance
Our insurance specialists have in-depth knowledge of disability insurance products and can explain complex terms in simple language.
Ongoing Support
We're here for you not just during the purchase process, but throughout the life of your policy whenever you need assistance.
Frequently Asked Questions
How much disability insurance do I need?
Most experts recommend coverage that replaces 60-80% of your after-tax income. We can help you calculate the right amount based on your expenses, savings, and other sources of income.
Isn't disability coverage provided by my employer enough?
Employer-provided disability insurance is a great start, but it often covers only 40-60% of your income, may be taxable, and doesn't follow you if you change jobs. An individual policy can supplement this coverage.
What conditions are covered by disability insurance?
Disability insurance typically covers a wide range of conditions that prevent you from working, including injuries, illnesses, mental health conditions, and chronic diseases. The specific coverage depends on your policy's definition of disability.
How long does it take to get approved for disability insurance?
The underwriting process typically takes 4-6 weeks, depending on your health history and the insurance company. We'll guide you through each step to ensure a smooth application process.
Protect Your Income Today
Don't leave your financial future to chance. Contact us today to learn how disability insurance can provide peace of mind and security.