Disability Insurance


Long-Term Disability

How Does Long-Term Disability Insurance Work?

• It pays monthly income directly to you when you’re unable to work because of a covered total disability.
• You can customize your coverage with different riders.
• Options include a five-year benefit period or a “to age 67” benefit option.
• Maximum monthly benefit amounts range from $500 to $20,000, based on your income and occupation.
• You choose the length of time you must be disabled before you start receiving benefits (Elimination Period) and the length of time you would receive benefits.

Did You Know?

• Insurance statistics show that only 9 percent of long-term disabilities actually resulted from serious accidents.
• According to a Bureau of Labor Statistics 2014 Study, just 33 percent of the U.S. workforce had long-term disability coverage.

By Owning A Long-Term Disability Insurance Policy, The Monthly Benefit Can Help:

• Pay your bills
• Pay your rent or mortgage loan payments
• Purchasing groceries.
• Making car payments

Do You Have the Resources Today?

Collecting Social Security

Because the definition of disability is very strict (the disability must be expected to last 12 months or more, or result in death), 65 percent of all claims submitted are denied. In 2016, the average Social Security benefit amount was $1,166 per month.

Consider Long-Term Disability Insurance

For additional information on long-term disability insurance or short-term disability insurance, schedule some time with a Universal Financial and Insurance Agent to talk about your disability insurance needs.


Short-Term Disability Insurance

If you receive a paycheck, here’s a way to protect your earned income. A short-term disability policy offers you income protection to help cover monthly expenses (such as mortgage, rent, utilities, or car loan) if you’re unable to work because of a total disability due to illness or injury.

Policy options are designed especially for short-term disability. They include one- and three-year benefit periods, with a monthly benefit amount ranging from $300 to $3,000 (subject to your income and occupation class).

Short-Term Disability Insurance

Coverage Made for You

Short-term disability insurance can provide funds for whatever you need to protect. Mortgage, rent, or car loans are just some of the monthly expenses that can be funded. The benefit period and monthly amount choices allow you to choose the right coverage for you.

Do You Have the Resources Today?

Collecting Social Security

Because the definition of disability is very strict (the disability must be expected to last 12 months or more, or result in death), 65 percent of all claims submitted are denied. In 2016, the average Social Security benefit amount was $1,166 per month.

Consider Short-Term Disability Insurance

For additional information on short-term disability insurance or long-term disability insurance, schedule some time with a Universal Financial and Insurance agent to talk about your disability insurance needs.


Mortgage Disability Insurance Keeps You Protected

It may be difficult to make your mortgage payments if you’re totally disabled due to illness or injury and can’t work. Universal Financial and Insurance Agency is there to help with mortgage disability insurance that provides you with a monthly benefit amount.

What is Mortgage Disability Insurance?

Mortgage disability insurance kicks in if you’re totally disabled due to illness or injury. It can help you meet your mortgage payment for up to three years.

For additional information, schedule some time to talk with a Universal Financial and Insurance agent.


Disability Insurance, Mortgage Disability Insurance, and Individual Credit Disability Insurance (ICDI)

When you need to report a claim:

Submit the completed and signed claim form at approximately:

1. 30 days from the beginning of disability for an ICDI claim.
2. 30 days after the end of the 30, 60 or 90 day Elimination Period for a Disability Insurance or Mortgage Disability Insurance claim.
3. 90 days for Elimination Periods of more than 90 days there are also the Disability Insurance policies with 180, 365, and 730 day Elimination Periods. Submitting the claim form at 90 days allows us to monitor the claim and pay you when the first payment becomes due.

Benefit Payments:

1. All renewable disability income policies contain an Elimination Period. The length of the Elimination Period varies and is stated in the policy. Benefits begin after the Elimination Period is satisfied. No benefits are paid for the period of disability used to satisfy the Elimination Period.
2. The ICDI policy pays a specified monthly income amount if Injury or Sickness results in Total Disability that begins while the policy is in force, continues for longer than 30 days, and requires the regular care and attendance of a licensed physician. The benefit amount is retroactive from the first day of Total Disability.
3. The Health Claims Department pays benefits for a full month whenever possible.
If the Health Claims Department processes a payment for a partial month, the payment is based upon 1/30th of the monthly benefit for each day of disability, as stated in the policy.