Disability Insurance in Jacksonville, FL
What would you do if you were suddenly disabled and could not work?
Just thinking about how you would pay your bills or take care of your family if you were unable to work can cause anyone to cringe. Unfortunately, it causes far too many responsible income providers to simply ignore the possibility of that ever happening. Some think they are too young to worry about disability but they are not. Others believe the government would surely take care of their needs should the unexpected happen but that is also false reasoning. Statistically, a rather large number of American workers have to miss work every year. Although most companies have provisions for sick days, any long-term loss of income can be devastating and is a common cause of home foreclosures and personal bankruptcies in the United States.
When you're ready to shop for disability insurance coverage, it's a good idea to check at work to see what options you may be eligible for through your employer. That does not mean a group plan is better than an individual policy but you will have an alternative to consider. The complex nature of disability insurance means this is probably not a product that should be purchased online. At Shapiro Insurance Group, our agents are always eager to help you explore all of your options for protecting your assets and your family's financial future. Call us direct or use our website's convenient contact form for a prompt response.
Short-Term Disability Insurance vs Long-Term Disability Insurance
If you have short-term disability insurance coverage, some percentage of salary or income may be paid to you as soon as there is medical evidence of your inability to perform your duties and responsibilities at work. The cause can be related to a sudden illness, an unexpected injury or the birth of a child. Most short term disability insurance only pays for the first six months that you are unable to work. If you are lucky enough to have coverage through a group plan, the number of weeks that you are eligible for benefits will likely be based upon your job tenure. Presently, only a handful of states require employers to provide short-term disability income and there are no state laws that mandate long-term disability plans. Long-term disability can last a lifetime but most long-term disability insurance carriers do expect individuals to retrain during the first two years of disability for a job they can perform. Naturally, in some cases, this is not possible and policies can even be structured to supplement Social Security distributions for permanent disability income.
My husband and I recently moved to Florida from out of state. We'd both been with the same insurance company since before marriage, over 25 years each to date. Unfortunately, all aspects of the move (homeowners, auto, property, and a new construction) proved beyond difficult for our company, to the point we started looking for a new provider. Shapiro came highly recommended by a neighbor and we were not disappointed. Unlike other companies we investigated, Jessica Coop with Shapiro responded immediately. Without the promise of future business, she provided a quote for our new home that the bank required. We decided to take it a step further and met with her to discuss transferring our business. She was on a mission, searching for the best packages for all our individual needs, while ensuring she was keeping us at the protection and service level to which we'd become accustomed with the other company. She was very frank about each cost vs. benefit decision. She has continued to help us navigate our coverage throughout the construction process. We have never felt so secure with our insurance portfolio and are grateful for her expertise and professionalism!
— Julia L.