Simplify Your Path to Disability Insurance
Dealing with disability insurance can feel a bit daunting with waiting periods, occupational coverage, and renewability, it can be a bit much. Plus, finding that sweet spot between affordable premiums and solid coverage adds to the challenge. The whole underwriting and health evaluation dance, mixed with possible overlap from workplace plans, doesn’t make things any easier.
But fear not, your go-to brokers are here to cut through the confusion, simplify each step and ensure you have the perfect coverage for your specific needs. Let’s unravel the complexity together.
What We Do
We offer you a range of insurance options from different carriers, each with their own prices and coverage, to find the perfect plan for you.
We provide a personal touch - from start to finish, you'll have a single point of contact, a real person who's here for you. No bouncing between multiple customer service reps.
We ensure accuracy - with online insurance calculators, it's easy to make mistakes without even realizing it. This can lead to either overpaying for coverage or being underinsured. When you work with us, you're partnering with trusted professionals you can count on.
We educate you - as licensed brokers, we meet higher standards compared to online insurance tools, banks, or direct writers.
common misunderstanding is that you'll pay extra due to the brokerage's commission. But that's not the case. We're paid by the insurance companies, not you. And rest assured, we only recommend plans that truly fit your needs.
BENEFITS & MISSION
Why Choose BrokerUnion?
The main differences between the big banks and boutique brokerage firms like us are:
1.More Options
We’re not tied to one insurance company. We shop around to find you the best rates and options.
2. We Work For You
We always act in your best interest, and your privacy is as sacred as a lawyer’s confidentiality agreement. Unlike Insurance companies that offer only their own insurance, we are not obligated to the insurance companies.
3. Experienced Team
We have the expertise to handle any situation, all while providing the personal touch you deserve. Professionalism and friendliness are our hallmarks.
4. Personal Relationships
We believe in sitting down and having a real conversation with you. Your situation is unique, and you deserve a tailored solution.
5. Education
We’re not just brokers; we’re educators. Our goal is to provide you with all the information you need to make informed decisions.
What Sets Us Apart
Multilingual Service
We speak 22 languages because
clear communication is key for a personalized insurance plan.
Our Own App
We’ve got our app for all your
policy documents, pink slips, and more. It’s a one-stop shop for your insurance, even if you switch carriers with us.
Dedicated Customer Service Team
No answering machines here –
our dedicated customer service team is there for you, even during off-hours.
Award-Winning
We are the 2022 IBAO Brokerage of the Year (in the under 25 brokers category) because we focus on choices, education, and service, always prioritizing our clients.
Extensive Choices
We work with a wide range of carriers to find you a customized plan that suits your specific needs.
Experienced Professionals
With a track record of helping over 5800 clients with their auto insurance in the past 3 years, you can trust our experience.
Not everyone has access to the same carriers - we have access to multiple top carriers as well as dozens of carriers that cover almost all situations
What is Disability Insurance?
Imagine disability insurance as your financial safety net. When life throws you a curveball – be it sickness or injury that keeps you from working – this insurance steps up, offering a financial cushion. It’s not just about protecting your income; it’s about keeping the lights on, putting food on the table, and handling the daily grind.
Why Bother with Disability Insurance?
Life is unpredictable, and anyone can face unexpected health challenges. Without a steady paycheck, meeting your daily needs and planning for the future becomes a Herculean task. Disability insurance ensures that you and your loved ones can maintain your way of life even when work is off the table.
How Disability Insurance Works
Let’s break down how disability insurance typically operates:
1. Pick Your Policy: Choose a disability insurance plan that fits your needs. Short-term or long-term – options abound, each with its terms and perks.
2. Pay Your Premium: A monthly premium is paid to your insurer. Consider it a small investment in your financial stability.
3. Injury or Illness: If you fall ill or get injured, it’s time to file a claim. This process involves submitting medical evidence and proof of your disability.
4. Waiting Period: Most policies have a waiting period (or elimination period) – the duration between your disability and benefit kick-off. Short-term policies mean a brief wait, while long-term ones stretch it out.
5. Benefit Payments: Once the waiting period ends, your insurance starts paying a portion of your pre-disability income. This can cover a significant portion of your lost earnings.
6. Routine Check-ins: Regular reviews ensure you still meet the criteria disability benefit benefits. Fairness prevails, supporting those genuinely in need.
Types of Disability Insurance
There are two main types:
– Short-term Disability Insurance: Covers you for a brief period, handy for immediate expenses during temporary setbacks like short illnesses or post-surgery recovery.
– Long-term Disability Insurance: Coverage for a more extended period, often until retirement age. It’s ideal for more severe or long-lasting conditions that keep you out of the workforce.
Choosing Your Disability Insurance....Here's What to Consider:
– Coverage Amount: Figure out how much of your income you’d want to replace if life takes an unexpected turn.
– Benefit Period: Decide how long you’d like the coverage to last – short-term or long-term, your call.
– Elimination Period: Understand the waiting period and choose one that aligns with your financial situation.
Disability insurance isn’t just a safety net; it’s your financial superhero in the face of life’s curveballs. Think of it as a guardian angel for your wallet, ensuring your lifestyle stays intact even when work takes a backseat. So, don’t downplay the significance of disability insurance – it’s an investment in your peace of mind and financial stability.
Our Happy Customers
CLIENT'S TESTIMONIAL
What Our Disability Insurance Clients Say
Had a great experience with BrokerUnion Insurance. They help us find a good coverage for our car insurance as well as make it budget friendly. Mr. Papillon was very helpful and made everything seamless for us. Specially with all the requirements and documents.
Great insurance company, I had a very complicated scenario and Susan helped me a lot, she spent a lot of time to get me the best insurance.
Very honest, and detailed explanation of different insurances.
I had a tight deadline and she helped me through the weekend to have it done, super prompt responses.
QUESTIONS & ANSWERS
Frequently Asked Questions
What is disability insurance, and why do I need it?
Disability insurance, also known as income protection insurance, is a type of coverage that provides financial support in the event you become unable to work due to a disabling illness or injury. It replaces a portion of your lost income during the disability period, helping you maintain financial stability and cover essential expenses.
What types of disability insurance are available?
There are two main types of disability insurance:
– Short-Term Disability Insurance: Provides coverage for a short period, usually a few weeks to several months, after the onset of a disability.
– Long-Term Disability Insurance: Offers coverage for an extended period, typically several years or until retirement age, depending on the policy terms.
How does disability insurance work?
If you become disabled and cannot work, you can file a disability claim with your insurance provider. The insurance company will review your claim and medical documentation to determine if you meet the policy’s definition of disability. If approved, you will receive regular benefit payments during the disability period.
Are there different definitions of disability in disability insurance policies?
Yes, disability insurance policies may use different definitions of disability to determine eligibility for benefits. Common definitions include “own occupation,” “any occupation,” and “partial disability.” It’s essential to understand the definition used in your policy to know what qualifies as a disability.
How much disability insurance coverage do I need?
The amount of disability insurance coverage you need depends on your income, living expenses, and financial obligations. A typical recommendation is to have coverage that replaces 60-80% of your pre-disability income. However, it’s essential to assess your specific needs with the help of a life licensed insurance agent or financial advisor.
Is disability insurance tax-free?
Disability insurance benefits are generally tax-free if you pay the premiums with after-tax dollars. If your employer provides disability insurance as part of a group plan and pays the premiums on your behalf, the benefits may be taxable.
Can I purchase disability insurance if I'm self-employed?
Yes, self-employed individuals can purchase individual disability insurance to protect their income in case of a disability. It’s essential to work with a life licensed insurance agent or financial advisor who specializes in disability insurance to find a policy that suits your needs.