Disability Income Insurance

Disability Income insurance protects you in the case of loss of income due to a disability, either short or long term. It is important to know the terms of the policy, the waiting periods, and if the policy will affect Social Security disability, unemployment benefits or workers compensation.  You will also need to know the difference between short and long term disability.

Disability insurance helps replace lost income and greatly helps you manage your finances while being out of work.  

Life Insurance, What are the Options?

To simplify the options, there are basically two types of life insurance, permanent life insurance and term life insurance.

Permanent life insurance can stay in force for your entire life, as long as you pay your premiums in full. Permanent life insurance usually, but not always, builds cash value for you that you can use for expenses later in life. On the other hand, term life insurance is only in force for a specified amount of time: usually 10, 15, 20 or 30 years. At the end of the term, your coverage expires and you will need to either convert your policy to a permanent life insurance plan (if available) or purchase a new policy for a new term. Term Life is often less expensive.

In order to figure which policy is best for you, you need to consider what expenses you would want covered in the event of your death.  Consider home mortgages, loans to be paid off, including college loans or even money to be set aside for college expenses of your children.  And, do you want to provide income to continue to support family members or fund retirement for your spouse.

We can help you determine your needs and provide multiple quotes from various carriers.  

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Herbert Insurance Agency

115 Hanover Ave Suite 100

Ashland, VA 23005

Phone: (804) 798-4438

Fax: (804)-798-1824


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