Pacific Palisades Disability Insurance

Becoming unable to perform your job because of sickness or injury can significantly impact your capacity to maintain the standard of living that your family now enjoys, even so, protecting your earning power using a Pacific Palisades Disability Insurance policy can enable you to meet everyday expenses when you are out of operation. Income from this sort of protection can be utilized to cover household expenses like your mortgage, food, utilities, clothing and automobile payments.

Disability insurance gives your family members with economic security permitting you time to get back on your feet and back to work, without worrying about where subsequent checks will come from.

Bromberg Insurance Services has been supplying Pacific Palisades disability insurance to individuals and company owners for more than 47 years. We comprehend your concerns, and can offer valued advice to improve your understanding of disability insurance, and how it could safeguard your earnings. We provide protection from top-rated insurance carriers, like MetLife, to make sure that protection is available if and when you ever need it. Discover more about how to protect your earnings and your family members should a prolonged injury or illness happen by completing the quote form on this page.

Types of Pacific Palisades Disability Insurance

You’ll find two types of disability insurance and they are placed in two various categories. The first type of insurance is short term disability and replaces a portion of one’s earnings throughout the days and weeks immediately following an accident or illness. Short term disability payments start and finish at various times based on the type of coverage that you have in place. Most often, they are going to start paying at the end of a predetermined waiting period of between 1 and 4 weeks and will continue, in most situations for a term of 6 months.

When short term benefits expire, long term disability insurance begins to pay out. Most typically long term benefits pay for a period of two years (payment lengths are determined by your policy and existing law) or till you go back to work or become permanently disabled. Both short term and long term disability insurance is identified in the two categories of policies.

These two policies are known as Group and Individual. Group disability is generally bought or provided as a benefit from your employer, although an Individual policy is bought on the open market.

Essential Factors for Having Disability Insurance

No one owns a crystal ball and is able to see what will happen next week, next year or 20 years into the future. We are able only to prepare ourselves and our finances for what may possibly occur. The Bromberg Agency has helped households through these emotional and financially tough times due to protracted illnesses and injuries since 1965. Each and every personal situation is unique, but the following facts about disability can help you to determine your potential needs.

1. If you depend on your current income to meet current living expenses, you will need a Pacific Palisades disability insurance policy. A lot of people don’t qualify for social security benefits immediately, if ever, and being out of work for an extended time period could seriously impact your savings and retirement funds.

2. The majority of long-term absences from work are due to illnesses rather than accidents. Cancer, heart disease and like illnesses account for more than 90% of all long-term disability claims.

3. Acquiring a disability policy when you are young and healthy is considerably simpler and less expensive than waiting until you are older and harder to insure.

4. Disabling injuries and illness are twice as likely to afflict a 20 year old, than their death before age 67.

5. Disability insurance does not cover your entire income, but can guard up to 80% of one’s after tax pay. In most situations, disability income payments are not taxable, but that matter requires the advice of your tax advisor.

6. Often it is actually vital to cover a portion of your earnings if you are unable to cover all of them. Disability insurance is surprisingly affordable and can be increased as thing change and the ability to add to your insurance program becomes a possibility.

7. Understanding your existing benefits is a vital component of your overall program. Many employers supply some type of disability insurance, and knowing what you have impacts what the law will allow you to purchase and collect in the event a disability occurs.

A Knowledgeable Pacific Palisades Disability Insurance Provider Makes a Difference

There’s no substitute for sound advice Pacific Palisades Disability Insurance and Bromberg Insurance Services should be your source for facts concerning this type of coverage. We make a long-term commitment to our clients to ensure they receive all the benefits they’re due when the time comes. Talking to a professional will help you protect your earnings from a devastating disability. Take the very first steps today and call the professionals at Bromberg Insurance Services now.