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Disability Insurance | Income Protection | Income Replacement

Welcome to The Ascension Group! Our specialty is ascending the protection level of all the families we work with. With over 17 years of experience in this industry we work hard to find the right plan or policy for you and your family.


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What are the types of Disability Insurance?

There are two types of disability policies: Short-Term Disability (STD) and
Long-Term Disability (LTD):

  1. Short-Term Disability policies (STD) have a waiting period of 0 to 14
    days with a maximum benefit period of no longer than two years.
  2. Long-Term Disability policies (LTD) have a waiting period of several
    weeks to several months with a maximum benefit period ranging from a few
    years to the rest of your life.

Disability policies have two different protection features that are important
to understand.

  1. Non-cancelable means the policy cannot be canceled by the insurance
    company, except for nonpayment of premiums. This gives you the right to
    renew the policy every year without an increase in the premium or a
    reduction in benefits.
  2. Guaranteed renewable gives you the right to renew the policy with the
    same benefits and not have the policy canceled by the company. However, your
    insurer has the right to increase your premiums as long as it does so for
    all other policyholders in the same rating class as you.

In addition to the traditional disability policies, there are several options
you should consider when purchasing a policy:

  • Additional purchase options
    Your insurance company gives you the right to buy additional insurance at a
    later time for an additional cost.
  • Coordination of benefits
    The amount of benefits you receive from your insurance company is dependent
    on other benefits you receive because of your disability. Your policy
    specifies a target amount you will receive from all the policies combined,
    so this policy will make up the difference not paid by other policies.
  • Cost of living adjustment (COLA)
    The COLA increases your disability benefits over time based on the increased
    cost of living measured by the Consumer Price Index. You will pay a higher
    premium if you select the COLA.
  • Residual or partial disability rider
    This provision allows you to return to work part-time, collect part of your
    salary and receive a partial disability payment if you are still partially
  • Return of premium
    This provision requires the insurance company to refund part of your premium
    if no claims are made for a specific period of time declared in the policy.
  • Waiver of premium provision
    This clause means that you do not have to pay premiums on the policy after
    you’re disabled for 90 days.
    Thank you for your interest in Ascension Group – Wealth & Life Insurance. We work closely with our clients to determine the best possible coverage to fit your unique needs and budget. Please feel free to call the office in your area: Dallas – 214.277.9497 and Las Vegas – 214.277.9497 or you can send us an email and an insurance professional will reply promptly.

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