- Business Insurance
- Personal Insurance
- Get A Quote
- CIS Articles
- General Contractors Insurance
- Electricians Insurance
- HVAC Insurance
- Plumbers Insurance
Most of us when considering types of insurance simply dismiss disability insurance thinking “Oh, I don’t need that. I’ll be just fine.” The problem is, there are no guarantees in life. Health is one of them.
If you were to suddenly fall ill or have an accident where you could not work for a period or worse became permanently disabled – could your family make it without your paycheck? Could you on your own?
According to the United States, Social Security Administration 1 in 4 out of today’s millennials could become disabled before reaching age 67. Although the majority are entitled to social security benefits because they have paid into the system over the years, you have to go to court to prove legal disability which means you have been unable to work at all, in any capacity for a full year or be deemed terminally ill. Initial claims are generally denied and the process takes time that you may not have income during. Even after the granting of the claim, it will max out at $1,150 per month. That alone is not enough to live on.
Long Term Disability coverage is sometimes offered by employers. Generally, these policies will pay out about 60% of your salary. It is a good idea to seek supplemental coverage as well. According to the National Association of Underwriters, the cost of your plan will depend on age and health and should cost you about 1 to 3% of your annual income.
If you become seriously disabled it could easily wipe out your nest egg putting your financial future in question. The time to look at policies is before you need one. Give Centennial Insurance Services a call today and get a quote. It could very well mean your future.
239-247-5125 or visit us online at www.cisinsfl.com.
I have found Chris to be extremely knowledgeable on Community Association insurance requirements and he has successfully presented proposals that provided better coverage and lower premium than the incumbent agency. His active involvement in assessing the Insurance needs of Communities managed by this firm has been an asset for both Moore Property Management and the purchasers of the insurance.
Chris Boston is our agent at Centennial. He does excellent work and always strives to save our association money. He always responds to emails. I highly recommend Chris and Centennial.
Chris Boston is Your Agent! I own a small condo development on Manasota Key and had been with the local insurance company for 14 years. This is my second year with Chris. He works very hard to get the best and lowest cost policies and is always responsive. I have saved substantially because he took the time to get to know the property and cost savings that were available. It’s all about customer service!
Its nice to have your expectations in a business not only met but exceeded! Centennial Insurance provided us with professional, friendly & effective service.