Individual disability insurance is used to replace lost income if you are disabled or cannot work due to an injury or illness. At Alcott Insurance Agency, we can tailor a California disability insurance policy to fit your individual needs. Many studies say that Americans can have a long-term disability by the age of 65, so this complement to your health insurance is necessary.
An individual disability insurance policy is a good way to cover income losses even with those who have some employer-paid coverage. Typically, disability premiums paid by you are not taxes but employer-paid benefits are. There are 2 types of individual disability insurance policies – long-term and short-term.