Disability Insurance Made Simple
Protect your income when you’re unable to work.
Disability insurance can help replace a portion of your income if an illness or injury prevents you from working. Detroit Financial Services can help you compare coverage options designed to protect your income and financial stability.
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Short-term disability insurance is designed to replace a portion of your income for a limited period following a covered illness or injury. Long-term disability insurance can provide income protection for a much longer period when a disability prevents you from working.
Benefit amounts, waiting periods, and how long benefits can continue vary by policy.
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Disability insurance typically replaces a portion of your income rather than your full paycheck. The amount available depends on factors such as your income, occupation, existing coverage, and the insurance carrier.
We can help you determine an appropriate benefit amount based on your income and financial needs.
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The elimination period is the amount of time you must be disabled before benefits can begin. The benefit period determines how long benefits may continue while you remain eligible.
Different options can affect both the protection provided and the cost of your policy.
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Disability policies can define disability differently. Own-occupation coverage may provide benefits when you cannot perform the duties of your specific occupation, while any-occupation coverage generally requires you to be unable to work in another suitable occupation.
The exact definition varies by policy, so understanding how your coverage defines disability is an important part of comparing options.
Disability insurance helps protect one of your most valuable assets—your ability to earn an income. Understanding how benefits, waiting periods, coverage length, and disability definitions work can help you choose the right protection.
Understanding Disability Insurance
Getting Disability Insurance Is Simple
STEP 1
Tell Us About Your Income & Occupation
Tell us about your occupation, income, existing disability coverage, and the amount of income you want to protect.
STEP 2
Compare Your Options
We compare available benefit amounts, elimination periods, benefit periods, policy features, and premiums to help you find coverage that fits your needs and budget.
STEP 3
Apply for Coverage
Once you select an option, we help you complete the application and guide you through any underwriting requirements.
STEP 4
Put Your Coverage in Place
Once approved, we review your coverage, premium, and policy provisions with you and help complete any remaining requirements to put your coverage in force.