

Understanding Medigap Plan G
If you are a Medicare beneficiary, you already know that the program comprises several plans, which provide different coverage options. Medicare Part A covers inpatient
Disability Insurance
LDI is designed to protect you from a potential loss of income in the event you are unable to work due to injury or critical illness. Experts estimate that an average employee with long-term illness or disability misses up to 2.5 years of work. Without a proper plan in place, things can be devastating when the financial burden becomes unbearable.
Long-term disability insurance is designed to ensure you will still receive a significant percentage of your gross income if you can no longer go to work due to a disabling injury or illness.
In most cases, a long-term disability insurance policy will have an elimination period of about 90 days. From there, you are paid benefits for a long time. It can be one year, five years, ten years or even for life, depending on your policy terms
There are two types of long-term disability insurance that you need to know. The difference lies in how they define disability.
For instance, if you are a surgeon and you suffer a severe spinal cord injury, then it means you can no longer work as a surgeon since you are confined to a wheelchair. However, you can still pick up a job as a lecturer at a university, and that doesn’t stop you from receiving your long-term disability insurance benefits.
The average LDI payout can range between 65% and 90% of your pre-disability gross income. Depending on your policy, you may be entitled to benefits equivalent to 100% of your pre-disability salary. Unlike your salary, your benefit amount isn’t taxable.
You can use the money to pay for your utility bills, rent, mortgage, buy groceries or make car payments. Basically, you are still earning a significant portion of your monthly income even though you are no longer working.
An agent at Insurance Master can help you determine how much disability insurance is good for you. We shall take time to assess your needs and lifestyle and find you a quote that fits your needs and budget.
If you are a Medicare beneficiary, you already know that the program comprises several plans, which provide different coverage options. Medicare Part A covers inpatient
Most of us can agree that 2020 was an unusual year in many ways. If you are one of the Medicare beneficiaries in the country,
Understanding Medicare and what it covers is easier said than done. You get the “Medicare & You” handbook in your mail, and when you open
We have a team of dedicated and experienced insurance experts who work so hard to ensure you enjoy the insurance benefits you need based on your lifestyle and that you are getting value for your money from or insurance partner companies.