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Disability Insurance Quotes | Short Term Disability | Long Term Disability Insurance | California Disability Insurance | New York Disability Insurance

Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that a disability will make working uncomfortable (as with psychological disorders), painful (as with back pain), or impossible (as with coma). It encompasses paid sick leave, short-term disability benefits, and long-term disability benefits. Statistics show that in the US a disabling accident occurs on average once every second. Finding a cheap disability insurance quote is not too difficult. If you became sick or hurt and couldn’t work, how would you pay your bills? How would you maintain your living standard? If you’re like most people, your ability to get up each day and earn an income is one of your most valuable assets. Furthermore, your chances of becoming disabled at some time during your working career are probably higher than you would expect. Disability insurance can replace a portion of your income when you are unable to work because of injury or illness.

There are two major types of disability coverage: Short-Term Disability Insurance and Long Term Disability Insurance. Short term disability insurance provides an income for the early part of a disability. A short term disability insurance policy may pay benefits for two weeks up to two years. Short-term disability is often included as part of an employee benefits package. Long term disability insurance helps replace income for an extended period of time, usually ending after five years or when the disabled person turns 65. Prepare for your future and protect your loved ones. If you were suddenly unable to work due to an accident what would you do? If you are healthy, currently not disabled, make $18,000 per year or more, you may qualify for cheap disability insurance quote. Below you would find links to obtain a cheap disability insurance quote. Please complete your information and get online and cheap disability insurance quote in a few minutes.

Prepare for your future and protect your loved ones. If you were suddenly unable to work due to an accident what would you do? If you are healthy, currently not disabled, make $18,000 per year or more, you may qualify for disability insurance. To Request a Free Quote and Insiders Guide to Disability Insurance Click Here.

Types of disability insurance
Traditional disability carriers have limitations on the monthly benefits, which limit benefits for high income earners. Benefits typically cap at $20,000-$25,000 of monthly benefits.
Individual disability insurance
Those whose employers do not provide benefits, and self-employed individuals who desire disability coverage, may purchase policies. Premiums and available benefits for individual coverage vary considerably between companies, occupations, states and countries. In general, premiums are higher for policies that provide more monthly benefits, offer benefits for longer periods of time, and start payments of benefits more quickly following a disability claim. Premiums also tend to be higher for policies that define disability in broader terms, meaning the policy would pay benefits in a wider variety of circumstances. Web-based disability insurance calculators assist in determining the disability insurance needed.
High-limit disability insurance
High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month. Single policy issue and participation (individual or group long-term disability) coverage has gone up to $30,000 with some companies.
Key-person disability insurance
Key Person Disability Insurance provides benefits to protect a company from financial hardship that may result from the loss of a key employee due to disability. The company can use the benefits to hire a temporary employee should the disabled employee's disability appear to be short-term. In the case of permanent disability, benefits are used to help defray costs related to hiring a replacement, including recruitment, training, startup, loss in revenue and unfunded salary continuation costs.
Business overhead expense disability insurance
Business Overhead Expense (BOE) coverage reimburses a business for overhead expenses should the owner experience a disability. Eligible benefits include: rent or mortgage payments, utilities, leasing costs, laundry/maintenance, accounting/billing and collection service fees, business insurance premiums, employee salaries, employee benefits, property tax, and other regular monthly expenses.
National social insurance programs
In most developed countries, the single most important form of disability insurance is that provided by the national government for all citizens. For example, the UK's version is part of ; the U.S.'s version is Social Security (SS)—specifically, several parts of SS including Social Security Disability Insurance (SSDI) and . These programs provide a floor beneath all other disability insurance. In other words, they are the safety net that catches everyone who was otherwise (a) uninsured or (b) underinsured. As such, they are large programs with many beneficiaries. The general theory of the benefit formula is that the benefit is enough to prevent abject poverty.

Employer-supplied disability insurance
One of the most common reasons for disability is on-the-job injury, which explains why the second largest form of disability insurance is that provided by employers to cover their employees. There are several subtypes that may or may not be separate parts of the benefits package: workers' compensation and more general disability insurance policies.
Workers' compensation
Workers' compensation (also known by variations of that name, e.g., workman's comp, workmen's comp, worker's comp, compo) offers payments to employees who are (usually temporarily, rarely permanently) unable to work because of a job-related injury. However, workers' compensation is in fact more than just income insurance, because it compensate for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), general damages for pain and suffering, and benefits payable to the dependents of workers killed during employment (offering a form of life insurance). Workers compensation provides no coverage to those not working. Statistics have shown that the majority of disabilities occur while the injured person is not working and therefore is not covered by workers' compensation.
Other
These policies offer payments to employees who are (usually temporarily, rarely permanently) unable to work because of any injury or illness, even if it is not job-related. Unlike workers' compensation, this coverage may not involve any aspect of health insurance, life insurance, or payments for pain and suffering. Similarly to most employer-supplied health insurance, these are open-market plans with the advantage of a negotiated group rate. That is, they are similar to what an individual would buy, but with a volume discount. They tend to offer basic coverage, because most employees are unwilling to pay more. Sometimes employees have the option to buy upgraded coverage.
Veterans' benefits
The compensation and insurance provided to military veterans by organizations such as the U.S. Department of Veterans Affairs (VA) are analogous to workers' compensation, with soldiers, sailors, and marines taking the role of the worker. In both cases, the system involves multiple types of insurance, and encompasses health insurance, disability income insurance, , and even mortgage insurance on VA mortgages. The scope of each of these is limited. For example, life insurance is limited only to paying (rather small) survivors' benefits to survivors of veterans killed in the course of service; it is not a general term life policy.