Compare Maine Disability Insurance Quotes with TermLife-Insurance.com to get the best DI Quotes.
What does it mean to be disabled? Like many of the words we use, the meaning of a word depends on the context in which it is used. Here, ‘disabled’ implies to someone not being able to do something that they either a) could do before, or b) can’t do now because of an accident that occurred. It applies more to the workforce than it does to anything else. Accidents, within the workforce, happen on a daily basis. For instance, did you know that 30 million Americans are considered to be legally ‘disabled’? The fact of the matter is that work-place injury and disability is more common than you may think. Therefore, getting the proper protection is vital to the longevity of you and your family’s financial safety.
One of the ways to protect yourself is with Maine disability insurance. Essentially, this kind of insurance – called DI for short – is a kind of income insurance. It insures the beneficiary’s earned income against any risk of disability. This extends to a disability that makes work uncomfortable, such as with mental strain, to any physically painful circumstances – such as back pain. In general, there are two main types of Maine disability insurance: short-term and long-term. Knowing which one is best for you depends on what kind of work you do and what kind of income you earn.
Different Types of Disability Insurance
Maine residents have the option to pursue a variety of different insurance options. The main ones include:
Individual: The most common policy is one for individuals. This is the main type of DI found throughout the United States. It is for people who work salary jobs and need protection against any serious injury. The benefits range, but are generally only given if the insurance is filed before an accident occurs.
Company: If you own a company in Maine and want to protect yourself, and your employees, then key-person insurance may be right for you. What this is is protection against a situation where in a key employee becomes disabled.
Where do you find disability insurance? Maine residents can go to TermLife-Insruance.com and talk to any of the live agents, standing by. These agents will give more information regarding what to do, as well as help you fill out an online application form.