Disability insurance helps replace a major portion of your income when you are sick or injured and unable to work. Some people think of it as “paycheck protection.” Others view it as a way to protect their home since a mortgage payment is often a family’s most significant monthly expense.
Having disability insurance can provide a sense of security, knowing that if the unexpected should happen, you’ll still receive a monthly income.
If you think about it, everything you have today – your home, car, groceries, savings – basically your lifestyle, depends on your ability to earn an income. Most people are quick to insure their possessions, such as their home and car. And they generally have life insurance that would provide for their family. But the one thing that makes all this possible is – your income. It’s your most important asset. So, protecting it with disability insurance isn’t just a good decision – it’s essential.
Will I need disability insurance?
No one wants to think about becoming disabled. But the risk is real. What are the odds?
- An illness or accident will keep 1 in 5 workers out of work for at least a year before the age of 651
- Your chance of missing at least 90 days of work due to a disability is just under 1 in 32
- The risk of disability is greater than the risk of premature death3
If you are unsure of which disability insurance plan is right for you, give us call today for a personalized consultation with one of our experienced agents.
1 Life and Health Insurance Foundation for Education, November 2005, most current available
2 America’s Health Insurance Plans (AHIP), Baby Boomer Awareness of Disability Risk Study (2008)
3 National Association of Insurance Commissioners (NAIC), Commissioner’s Individual Disability Table A (1985), Statistical Abstract of the United States, most current available