Disability Insurance in Oregon

A disability insurance policy is a special type of insurance coverage that doesn't protect a piece of property but safeguards the policyholder and offers financial protection. Here at H & R Insurance Group LLC, we understand talking about potential disabilities is a hard subject as we all endeavor to live long, healthy lives, but it is essential to keep this type of policy in mind to ensure oneself and Portland, OR family is protected should worst case scenarios come to pass.

What to Know About Oregon Disability Insurance

Disability insurance is designed to replace a portion of the policyholder's income if they cannot work due to an injury or illness. This enables the policyholder and their family to continue to meet financial obligations and maintain their standard of living.

When you start researching disability insurance, you will find that this type of policy comes in two primary forms:

  • Short-term disability insurance provides financial coverage for a short, specified period, generally between a few months to a year. In the event of an illness or injury, short-term disability will pay out a percentage of the policyholder's pre-disability income during that allocated time frame.
  • Long-term disability insurance provides financial coverage for a significantly longer time, often ensuring financial payouts will be allocated until the policyholder either recovers to the point of returning to the workforce or until retirement age. Long-term disability insurance will payout a percentage of the policyholder's pre-disability income, enabling them and their household to meet their financial commitments and enjoy their lifestyle as much as possible.

Learn More About Oregon Disability Insurance

While some top employers will offer disability insurance as part of their benefits package, having your own can provide an added level of security. Self-employed and those employed not at such a company will benefit most from this special type of safety net. Learn more and talk to a Portland, OR agent today by giving our team at H & R Insurance Group LLC a call.