Disability Insurance

Disability insurance is an essential aspect of financial planning. While no one wants to think about using disability insurance, it can be crucial in providing peace of mind. If something goes wrong, having coverage will help safeguard against financial hardships. At Nexus Point Advisors LLC, we want to help you with the best coverage options available to match your coverage needs.  

What Does Disability Insurance Cover? 

Disability insurance helps protect your income. If you or your loved ones depend on your ability to earn a paycheck, this policy can provide the stability you need. Disability coverage replaces a portion of your monthly income if an injury or illness prevents you from working. Your benefits can be used to pay for monthly bills or out-of-pocket medical costs. Some of the most common disabilities may include the following:  

• Arthritis
• Back pain
• Cancer
• Depression
• Diabetes
• Heart disease
• Stroke 

Is It Worth It to Have Disability Insurance? 

There are no set guidelines as to whether or not you should obtain coverage. But there are a few questions you can ask yourself to help determine if coverage may be suitable for you, including:  

• How comfortable are you with risk? 
• How flexible is your financial plan?
• How many financial obligations do you currently have?  

Talk to an agent about how you would personally benefit from having coverage. The more you understand disability coverage, the better off you’ll be in deciding what’s suitable for you.  

Get Started Today 

At Nexus Point Advisors LLC, we want to help you find the best coverage possible for your needs. If you’re considering disability insurance or want to learn more about coverage benefits, reach out to an agent today.