Have you ever wondered what would happen to your income if you had an accidental injury, sickness, or pregnancy? That is why you need disability coverage. It replaces a portion of district income for the period of time you are unable to work due to those reasons.
You are able to choose the benefit amount, which is the amount of your income to replace, and the waiting period that you begin receiving payments. You are also able to choose the maximum benefit period which is how long the money will continue should you find yourself disable for a longer time frame.
How do you decide if you need disability insurance?
Consider these questions when making your decision:
How much district leave do you have?
Do you have savings?
Do you have other income you can rely on, such as from your spouse or from child support?
How close are you to retirement?
Could you go on Social Security Disability or take a Disability Retirement?
Below is a sample AFA disability plan certificate. Please ignore the percent of coverage and waiting period listed in the sample document. Plan participants will receive customized certificates from AFA after enrollment. The plan information contained in the sample, however, is the same across all coverage options.