Individual disability insurance is an excellent way to help protect your income and financial standing if you suffer a disabling injury or illness. If you need more protection for your paycheck, contact our agent at Medical Solutions NY in Lynbrook, New York, to talk about individual disability insurance.
Disability Insurance Benefits
- Own Occupational benefit
- Standard Insurance’s automatic 4% monthly benefit increase over five years
- Mental health benefits and substance abuse coverage up to 2 years and unlimited up to age 67 for physicians.
- Retirement benefits
Family Care Benefit Plan
- If a family member becomes seriously sick, the family care benefit can help you take time for caregiving.
- This benefit provides cash to replace lost income.
Retire Guard Benefits
Retire Guard helps replace a number of benefits equal to the retirement plan contributions you and your employer would have made had you not become disabled by contributing to an irrevocable trust, and trust proceeds are paid back to you to help your retirement plan benefits.
Learn all about the endless possibilities here.
Customer Testimonial
Age: 42 / Occupation: Veterinarian / Married: Two Children
Mary had been building her practice for five years before she was diagnosed with cancer. After being away from work for 18 months while receiving treatment, she returned to work full-time.
It took Mary two years to rebuild her practice and generate the income she made before she was diagnosed with cancer. Even though she was no longer disabled, Mary received a Recovery Benefit during that time based on the amount of income she lost compared to her prior earnings. That financial cushion gave Mary the support she needed to get her health and business back up to 100 percent.
Customer Testimonial
**Mental health benefits and substance abuse coverage up to 2 years and unlimited up to age 67 for physicians.
Age: 40 / Occupation: Corporate Executive / Married: Four Children
Mike was a top executive with a major corporation. His wife stayed home to care for the kids. Mike survived a tragic accident that left him with post-traumatic stress disorder, and he was unable to work for two-and-a-half years. With a large family depending on his income, Mike would have felt significant additional stress if he lacked income protection.
Fortunately, with Protector Platinum, he qualified for total disability benefits and received monthly disability income that helped offset the financial impact on his family. That meant Mike could concentrate on getting well.