Disability

Do you worry that an unexpected illness or injury might suddenly keep you from performing your job? An unexpected disability can seriously hinder a person's ability to maintain a steady income and cover living expenses. Unfortunately, injury and illness can strike at any time. Disability insurance can help cover such expenses should you suffer an unfortunate illness or injury. In fact, disability insurance is designed to cover up to 45 to 65 percent of your income should a disability keep you from work.

Are you interested in a Disability Insurance Policy that will help you maintain your income should an injury or illness keep you from work? Contact one of our Disability Insurance Professionals at Cranberry Lake Financial to help you find the Disability Insurance Policy that is best for you!

There Are Several Types and Options for Disability Insurance:

• Short Term Disability
• Long Term Disability
• Non-Cancelable Renewable
• Guaranteed Renewable
• Conditionally Renewable

There are two basic types of disability insurance: Short Term Disability (STD) and Long Term Disability (LTD). Short Term Disability policies are designed to provide benefits on short notice but only for a brief time. On the other hand, Long Term Disability offer benefits for a prolonged period of time, even for the rest of your life!

Disability policies sometimes feature different protection features in terms of renewability. There are some important differences between the protection features of which you should be aware. The distinction between a Non-Cancelable Renewable and Guaranteed Renewable plan could mean the difference between getting or not getting the claim payments that you need if the time comes!