Nowadays, insurance plans are available to serve different purposes like insuring your health, life and much more. Disability insurance plans are also available to help people during their disability to pay off loans or debts because of various reasons.

Whatever the reason may be but one should consider the benefits of these insurance plans before taking up the one. It’s better to read all the details properly and then take a decision with professional help.
When it comes to short-term disability insurance, this is an insurance product which replaces your income for a short period of time when you feel disabled to carry out your expenses due to medical condition. Specifically, this period is usually valid for 3 to 6 months.
There may be medical conditions which stop you from working. It’s not only restricted to accidents at workplace rather most of the disabilities may also occur due to chronic conditions like back injuries, heart disease and cancer.

There are many conditions where you may need disability insurance to have income even while you are on leave from work. Insurance plans may not cover the entire duration of disability but for around 3 to 6 months. And these plans typically cover up to 80% of your gross income.

As far as your health issues are concerned, you must opt for the best suitable insurance plan. Remember, people who are on medicare are eligible for prescription drug plans. Beneficiaries have the option to join standalone prescription drug plan for drug coverage only or they can even opt for public health plan which jointly covers all hospital and medical services covered by medicare.

Remember, not all the drugs are covered at the same out of pocket cost to the beneficiary. Participants can choose certain drugs over others. There are many beneficiaries who are not on medicare so they can use the incentives to use generic drugs over brand name drugs.

However, if you need protection against mortgage, it’s the right time to opt for the best suitable mortgage protection insurance. These plans replace your income to pay off your mortgage for a certain period of time.
IAG Insurance Inc. is a full-service life and health insurance company having eight years of experience.

For more relevant details, you can simply log onto www.iaginsuranceinc.com.