Disability Insurance Policies in Texas

Imagine that you are hurt and must take time off of work. Does your employer provide disability insurance? Even if they do, does it cover the length of time you may be out of commission? These are things you should be considering if you need to purchase disability insurance.

Your need for disability insurance may be greater than you realize, and it’s not a responsibility you should simply toss aside. Although worker’s compensation may be provided to you by your employer, disability insurance is your responsibility. Worker’s Compensation does not pay for injuries or illnesses unrelated to your job.

If you need short or long-term disability insurance look no further than David Kimbrough Insurance Agency. We have many options for comprehensive disability lines to best suit you or your business’ needs.. Disability insurance policies basically provide replacement income for you during the time you are unable to work due to illness or injury. Do not make the mistake of underestimating the importance of this type of insurance; consider this: how would you and your family survive without your income? What things and activities would you need to give up without your income? What possessions would you lose without your income?

Disability insurance typically replaces 60-70% of your income during the time in which you are unable to work and/or perform the duties defined by your employment. Can you afford NOT to purchase this coverage?

What happens when you retire and no longer need Disability Insurance?

This is when Long Term Care insurance comes into your life. Long-term care is a type of personal care service you may need if you become unable to care for yourself because of a prolonged physical illness, a disability, or a cognitive impairment, such as Alzheimer’s disease.

Long-term care is different from traditional medical care that attempts to treat or cure illnesses. Long-term care helps you maintain your current lifestyle, but it may not improve or correct your medical problems. Care may be provided at home or in a hospice, adult day care center, nursing home, or assisted living facility.

If you do not have such a Disability policy, Long Term Care is still available for you, and the younger you are when you purchase Long-Term Care Insurance, the less expensive it is.

Some folks think they have children or relatives who will take care of them. And many do, but do you want burden your health or custodial care needs on children who may be busy raising your grandchildren? Do you want them to have to be involved with private areas of your life? Long term care insurance put you in a position to make the choice that is best for you by providing funds a care facility, or home health care that will free your relatives to care for you at a level that is comfortable for everyone.

If you are forced, due to circumstances, to go into a Nursing facility, the financial obligation falls on you. Some people think the government takes care of this, and Medicaid can under certain circumstances. But, before Medicaid begins, you may be required to use most of your personal assets before receiving benefits. Better to purchase a Long Term Care (LTC) policy with part of that wealth now than spend it all on nursing care, leaving nothing for your loved ones.

Partnership Program Policies

Texas created the Long-Term Care Partnership Program as an incentive for Texans to plan for their long-term care needs. The partnership is a joint effort between private insurers and the state. Insurers must follow state and federal guidelines to sell partnership policies. Partnership policies have an asset disregard benefit, inflation protection, and tax qualification benefits. Read more about the policies in the Shopper's Guide to Long-Term Care Insurance.

For more information on obtaining Disability Insurance contact, David Kimbrough Insurance Agency at 281-996-7615 or fill out our online form above for your FREE Disability Insurance Quote today.

Texas Insurance Agency offering Disability Insurance policies in
Friendswood, Houston, Pasadena, and League City Texas.