What Does Disability Insurance Provide?

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    David RacichPRO
    Fountain Hills, Arizona
    Disability insurance can provide you income in lieu of lost wages because of a disability. The disability insurance benefits can be up to 60% of your compensation or if you deduct the disability insurance in a business scenario, it covers up to 80% of your compensation, but it’s taxable income to you.
     
    Answered on May 29, 2013
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    what does disabilty insurance provide?    Replacement income. Disability insurance simply provides a check every month so you can continue to pay your bills, buy your groceries, pay for your gas and pay your copays and deductibles, just to mentions a few things that a disability insurance check provides for.
    Answered on May 29, 2013
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  3. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    Simply put -- disability insurance provides paycheck protection.  Should you become sick or injured and are unable to work, it provides a monthly benefit to take the place of your income. It provides families with stability, and at the same time, it can offer a business peace of mind in knowing that it can still function if a key person is disabled (in regard to Key Person/Man DI).
    Answered on September 25, 2013
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