Disability Insurance

Protect Your Income with Disability Insurance

Short-term and long-term plans to replace wages if illness or injury prevents you from working

Disability Insurance for Financial Security

A disabling injury or illness can derail your income and strain your savings. At Peterman Insurance Services, our nurse-led expertise helps you choose the right Short-Term Disability (STD) and Long-Term Disability (LTD) plans—so you can maintain your lifestyle, meet bills, and focus on recovery without financial stress.

Short-Term Disability

Provides income replacement (typically 60–70% of salary) for a limited period—often 3 to 6 months—after a brief elimination period, ensuring you stay covered through acute recoveries.

Residual and Own Occupation Riders
Customize your policy with residual benefits for partial disabilities and own-occupation coverage to protect your specialized earning capacity if you cannot perform your primary job.

Long-Term Disability

Offers extended income protection—often up to age 65 or Social Security Normal Retirement Age—after surviving the initial STD period, safeguarding against prolonged disabilities..

What’s your biggest financial asset? It’s you!

Your biggest asset is you and your ability to earn income. What would happen if you were injured or sick for an extended time and unable to work or earn income? How would you pay your bills, your mortgage, your child care, pet sitting or parent caregiving costs? How about those high deductibles and medical costs insurance doesn’t cover?

30%

Working Americans age 35-65 who will suffer a disability lasting at least 90 days during their career

46%

Mortgage foreclosures caused by a disability. Only 2% for death-related foreclosures

How will you pay your monthly bills if you’re unable to work or run your business?

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Your disability insurance Questions, Answered

Find concise answers to common disability insurance questions—so you understand how to protect your income and choose the right plan design.

Disability Insurance replaces a portion of your income if illness or injury prevents you from working—helping you meet living expenses when you can’t earn a paycheck.

STD covers shorter absences (weeks to months), kicking in after a short elimination period. LTD begins after STD ends or a longer elimination (often 90–180 days) and can pay benefits for years or until retirement age.

The elimination period is the waiting time—ranging from 0 to 180 days—between your disability onset and when benefits begin. Longer elimination periods lower premiums but require more savings to bridge the gap.

Insurers consider your occupation risk, age, health status, benefit amount (percentage of salary), elimination period, benefit period, and optional riders when calculating rates.

Own-occupation means you’re considered disabled if you can’t perform the duties of your specific profession—even if you can work in another role—protecting specialized earners like surgeons, CPAs, or architects.

Employer plans often replace only 50–60% of income and may have limited benefit periods. A supplemental individual policy can fill gaps, extend benefit duration, and offer portability if you change jobs.