Disability Insurance

No one wants to think about sustaining an injury or becoming seriously ill and being unable to work, but it could happen to you. Amazingly, almost three in 10 of today’s 20-year-olds will become disabled before reaching age 67. Besides the physical challenges, not being able to earn a paycheck – even for a short period of time – can impact your life and lifestyle for years to come.

 

How would you pay your bills?

Borrow money – without an income it might be difficult to qualify for a loan.

Rely on savings – even if you routinely save 10 percent of your annual income, a year-long disability could wipe out 10 years of savings.

Live on your spouse’s salary – if you are like most families, your budget and bills depend on two salaries.

Sell your possessions – this is a one-time option, and you might not be able to get top- dollar for your assets in an emergency sale.

Depend on Social Security disability coverage – only 38 percent of disability applicants are approved, and they must wait five months for any benefits to begin. The average monthly benefit in the recent past was $1,063.

 

Simplified Disability Income (DI) Insurance can help protect your financial stability if you are unable to work due to a disability. The policy pays you a monthly benefit to help you pay your bills until you get back to work. Our DI policy can also be structured to work with any group DI you have from your employer to provide you with 100 percent of your salary if you become disabled. You choose the length of the benefit period – six months, one or two years. Make the smart choice now to protect your most valuable asset!

 

Request a Disability Income Insurance quote now