It is important to ensure that you have adequate disability insurance which can help safeguard financial stability for you and your family. This type of coverage helps provide income replacement if you're unable to work due to a disabling illness or injury.
While some employers provide disability insurance, the coverage may not be enough to pay your living expenses, mortgage, and other personal debt and expenses for the length of time you need. Also, some policies may only allow you to collect benefits if you can't perform any work at all, rather than being unable to do the type of work you currently do.
It's often a good idea to supplement any employer coverage you may have with an additional disability insurance policy. An insurance specialist can evaluate your existing coverage and help you explore your options if additional insurance is needed.
Charles Schwab works with Small Business Insurance Agency, Inc. ("SBIA") to make insurance available. Insurance specialists at SBIA can provide you with detailed information about insurance, help determine what’s right for you and, if appropriate, assist you in selecting a policy that fits your needs.
Call 888-539-4888, Monday through Friday, from 8:30 a.m. to 6 p.m. ET, to talk with an insurance specialist.
The insurance products available are underwritten and issued by participating insurance companies. Not all policies and product features are available in all states. This is not an offer or solicitation in any jurisdiction where the policies are not approved for sale. Any obligations under the policies are the exclusive obligations of the insurance companies and are subject to the financial conditions of the insurance companies.