Insuring your livelihood is frequently far more important than insuring your possessions. Disability income insurance provides you and your family with a guaranteed income if you are unable to work due to accident or illness.
There are two types of disability policies:
Short Term Disability Insurance has a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years.
Long Term Disability Insurance has a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to post retirement age depending on health and age at the time of applying.
There are also some important protection features in these policies that you should also be aware of before purchasing a policy. Madison Insurance Sales can explain all the details to you in a way that is easy to understand and fits your budget and needs.