Security When You Cannot Work
If an illness or injury prevents you from working, household expenses can continue even when your paycheck stops. Disability income insurance may replace part of your income when you meet the policy's definition of disability. Anil Khanchandani, CLTC®, helps you understand available insurance options, their costs and their limits.
How Disability Insurance Works
Many people believe that workers compensation or social security will cover them, but these programs often have strict limits or long waiting periods. A private disability policy is a personal safety net that you control.
Short Term Disability
Short-term disability insurance may replace a portion of your income for a limited period after a covered illness or injury. Benefits begin only after the policy's applicable waiting period and other claim requirements are met; they are not necessarily immediate. Benefit amounts, duration, exclusions and eligibility vary by policy.
Key benefit: Temporary income support for an eligible covered disability.
Long Term Disability
Long-term disability insurance may pay a monthly benefit after its elimination period when you meet the policy's definition of disability. Depending on the contract, benefits may continue for a set number of years or to a specified age, while eligibility requirements continue to be met. Offsets for other benefits, exclusions and coverage limits can affect payments.
Key benefit: Longer-duration income support, subject to policy terms.
Closing the Gap in Your Protection
Start by reviewing employer benefits, existing disability coverage, savings and essential expenses. Anil can help you compare insurance definitions, waiting periods, benefit amounts and duration so you understand potential gaps. Insurance cannot guarantee that every bill will be paid or that your household's lifestyle will remain unchanged.
Coverage is offered only where Anil is licensed and appointed, subject to product availability and underwriting. Learn about term life insurance and long-term care planning for different protection needs.
Request Your Personalized Protection Review
Ask Anil Khanchandani, CLTC®, about protecting part of your income during a covered disability. Start with questions about your current coverage and the benefits you would need. There is no consultation or service fee and no obligation to apply; Anil receives commissions from insurance carriers when policies are placed.
Have questions? Connect with Anil Khanchandani, CLTC®, through the contact page.
Prefer a scheduled conversation? Choose a time with Anil.