What You Should Know About Federal Employee Disability Insurance

If you are a federal employee, then you might have heard from others — such as some of your co-workers — that investing in federal employee disability insurance is something that you should look into. If you are new to working as a federal employee or if you have just never had federal employee disability insurance before, then you might not know anything at all about this type of insurance. Of course, you should consider talking to a licensed insurance agent for information about federal employee disability insurance so that you can learn as much as you can about the policy that you are buying. In the meantime, though, you can learn a little bit about this insurance by reading this simple guide.

It Is a Type of Income Protection

If you are curious about what, specifically, federal employee disability insurance is, then you should know that it's a type of income protection. This is not insurance coverage that will cover your healthcare costs. Instead, it is a type of policy that will pay you a portion of your monthly salary in the event that you are unable to work because of a short-term or even long-term disability.

There Are Specific Policies for Federal Employees

As a federal employee, you have different needs and concerns than what the average employee might have. The good news is that there are disability insurance policies that are designed for federal employees like you. If you choose one of these policies, then you can feel confident in knowing that you will qualify for the policy without worrying about being turned down because of the type of job that you have. Additionally, the insurance agent that you talk to about the policy and the professionals who work at the insurance company should be very familiar with working with federal employees like you.

Beneficiary Benefits Are Often Included

As is the case with any type of insurance, it is important to carefully check the policy out to determine what type of coverage it does and does not provide before you actually purchase the policy. The good news is that many of these policies do include beneficiary benefits. Basically, this means that if you pass away while being disabled, your family could potentially receive your benefits. If you are interested in this benefit, consider asking about it when purchasing a federal disability insurance policy just to make sure that your loved ones will be covered.

Fore more information, reach out to a federal employee disability insurance provider.