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Disability Insurance

Did you know more than 1 in 4 people today will become disabled at some point before retirement? It only takes a few minutes to find out how I can protect your future.

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What is Disability Insurance?

Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. 

For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD).

Statistics show that in the US a disabling accident occurs on average once every second. In fact, Nearly 18.5% of Americans are currently living with a Disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.

Types of Disability Insurance

Individual Disability Insurance - Those whose employers do not provide benefits, and self-employed individuals who desire disability coverage, may purchase policies. Premiums and available benefits for individual coverage vary considerably between companies, occupations, states and countries. In general, premiums are higher for policies that provide more monthly benefits, offer benefits for longer periods of time, and start payments of benefits more quickly following a disability claim. Premiums also tend to be higher for policies that define disability in broader terms, meaning the policy would pay benefits in a wider variety of circumstances.

High-limit Disability Insurance - High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month. Single policy issue and participation (individual or group long-term disability) coverage has gone up to $30,000 with some companies.

Key-person Disability Insurance -  Key Person Disability Insurance provides benefits to protect a company from financial hardship that may result from the loss of a key employee due to disability. The company can use the benefits to hire a temporary employee should the disabled employee's disability appear to be short-term. In the case of permanent disability, benefits are used to help defray costs related to hiring a replacement, including recruitment, training, startup, loss in revenue and unfunded salary continuation costs.

Business Overhead Expense Disability Insurance - Business Overhead Expense (BOE) coverage reimburses a business for overhead expenses should the owner experience a disability. Eligible benefits include: rent or mortgage payments, utilities, leasing costs, laundry/maintenance, accounting/billing and collection service fees, business insurance premiums, employee salaries, employee benefits, property tax, and other regular monthly expenses.

Contact me to learn more about the disability insurance coverage for you.
(800) 769-0895
​(402) 382-4279​​​

2111 S 67th St Ste 300
Omaha, NE 68106
Click Here to Email Me
Disability Insurance Quote
Get a quote for disability insurance

Medicare Disclaimer: 
I do not offer every Medicare Advantage or Prescription Drug plan available in your area. Any information I provide is limited to those plans I do offer in your area. Currently in the state of Nebraska, I represent seven organizations which offer 45 plans, but not all may be available in your county. Please contact Medicare .gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all your options. And if you have received by mail, the official Medicare & You 2025 handbook, you can see a complete list of all organizations and the plans being offered either statewide or in select counties.
​


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Thomas A. Matthews​
2111 S 67TH ST STE 300
Omaha, Nebraska 68106
​

(800) 769-0895
​(402) 382-4279 
Click Here to Email Me

Location

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  • Home
  • Quotes
    • Health Quotes >
      • Medicare Supplement Coverage Quote
      • Medicare Advantage Plan Quote
      • Medicare Part D Plan Quotes
      • Health Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Renters Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Health >
      • Medicare Supplement Coverage
      • Medicare Advantage Plans
      • Medicare Prescription Part D
      • Health Insurance
      • Dental Insurance
      • Long Term Care Insurance
    • Life/Financial >
      • Life Insurance
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Renters Insurance
    • Other >
      • Boat Insurance
      • Umbrella Insurance
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