|Who Needs Disability Income Insurance?|
More than a quarter of today’s twenty-year-olds will become disabled, according to the Social Security Administration (SSA). It does not have to be a freak injury that prevents you from working – back injuries, cancer, heart disease and other illnesses are the majority of the reasons for long-term absences. Are you prepared if you can't work due to a long-term disability? The average long-term disability lasts 2 1/2 years; do you have the emergency savings to survive that long without an income? If not, you need to make sure you have disability insurance.Individual Disability Insurance
Individual disability insurance offers multiple options for coverage, and a policy can be tailored to your needs. Since individual disability insurance policies are paid with after tax dollars, you don’t pay taxes on the benefits you receive.
Group Disability Insurance
Employers can sponsor disability plans which often have more lenient underwriting guidelines than individual policies and will also compliment individual DI you may already have in place. Short and long term disability plans are available. If your employer does not currently offer DI, contact us. We will be happy to engage in conversation of the importance of income protection.