Disability Insurance in Florida That Protects Your Paycheck
Income Protection with Disability Insurance
Your paycheck is your biggest asset—insure it.
Disability income insurance replaces a portion of earnings if illness or injury prevents you from working. Because temporary disability is more common than premature death, this coverage is essential for breadwinners, self-employed pros, and families across Vero Beach. It complements workers’ comp (on-the-job injuries only) and your broader life & financial insurance plan.
How It Works
Know Your Levers: Amount, Period, and Wait.
Typical policies replace 50–70% of income up to a monthly maximum. Choose a benefit period (short-term or long-term—often to age 65) and an elimination period (e.g., 90 days) before benefits begin. Funds are yours to cover the mortgage, utilities, childcare, and recovery expenses. Pairing with
term life ensures your family’s plan works in every scenario.
Who Should Consider It
If You Rely on Income, You Rely on This.
Self-employed owners, contractors moving between jobsites, W-2 professionals without strong group benefits, and high earners who would outstrip Social Security disability should evaluate coverage. Business owners may also explore overhead expense or buy-out riders to protect operations.
Key Features to Discuss
Customize Definitions and Riders.
Options include own-occupation definitions (crucial for specialized professionals), cost-of-living adjustments, residual/partial disability benefits, and future increase riders that let coverage grow without new medical exams. We’ll match features to careers around the Treasure Coast so policies stay useful as your life changes.
Frequently Asked Questions
Disability Insurance Answers for Florida Families.
How much of my income can I insure?
Typically 50–70% of gross income up to contractual caps. We’ll size benefits to your budget and obligations.
What’s the difference between short-term and long-term disability?
Short-term covers weeks to months; long-term can pay for years or to retirement age after the elimination period.
What is own-occupation coverage?
It pays if you can’t perform the material duties of your specific occupation—even if you could work another job (varies by policy).
Are benefits taxable?
If you pay premiums with after-tax dollars, benefits are generally tax-free. Employer-paid benefits are often taxable.
Does workers’ comp replace disability insurance?
No. Workers’ comp covers on-the-job injuries. Disability insurance covers qualifying injuries or illnesses from on or off the job.
Can self-employed people buy disability insurance?
Yes. We’ll verify income with tax returns and tailor coverage for solo professionals and small-business owners.