President | Founder, CLM Insurance Group, Delray Beach, FL
Health insurance is designed to pay providers for medical services. Disability insurance was created to pay the insured the benefit amount in the event of a qualifying disability. Disability income insurance comes in two forms:
Short term disability
Long term disability
Short term is just what it sounds like and is inexpensive to pick up. Long term DI can cost significantly more due to the risk the carrier takes on to cover the insured for a longer period.
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Short term disability
Long term disability
Short term is just what it sounds like and is inexpensive to pick up. Long term DI can cost significantly more due to the risk the carrier takes on to cover the insured for a longer period.