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Disability Insurance Amory MS
Disability insurance, like regular life insurance, is a contract between the insurance company and the
policy holder. With this type of insurance, in exchange for paying your premiums, the insurer agrees to
pay you a monthly benefit if you become disabled and cannot earn a paycheck.If ever there is an instance where you
cannot earn a paycheck due to a disability, disability insurance is an option for your life to continue. Although both
types of insurance provide an insured person with financial protection in the event of certain unique circumstances,
the circumstances in which they will provide said protection is different. This means that the main difference between
critical illness and long-term disability insurance coverage is how you can qualify to receive payments from the
insurance company.
If you become too sick or hurt to work, individual disability income insurance may help you avoid using your retirement savings to cover income break.
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