Disability Insurance
You insure your home and car, so what about insuring your ability to pay for them - your paycheck?
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Your most important asset is not your home, your car or other possessions. It’s your ability to earn a living. Over the course of you working years, your earnings could total millions. If you become disabled due to accident or illness, all your future plans could be jeopardized because you no longer have an income.
Simply put, if you have a job, you most likely need disability insurance. The possibility of a disabling illness or injury may seem remote, but statistics say otherwise. The actual odds of missing work for an extended period of time due to a disability are as high as 30% during the average working career. Most people are also surprised to learn that approximately 90% of disabilities are caused by illness, not by accidents.* |
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If you’re still not convinced that your income is worth insuring, think about how long you’d last without your paycheck before it would be difficult to pay for everyday expenses. The LIFE Foundation conducted a study that found that half of working Americans couldn’t make it one month before financial difficulties would set in. Close to one in four Americans wouldn’t make it a week. Disability insurance provides you and your family with a source of replacement income to help make ends meet until you’re able to return to work.
To help you begin to think about your income need if you’re disabled, try the Disability Income Needs Calculator here. If you want to learn more about your options for protecting your paycheck, please contact us.
*Council for Disability Awareness
To help you begin to think about your income need if you’re disabled, try the Disability Income Needs Calculator here. If you want to learn more about your options for protecting your paycheck, please contact us.
*Council for Disability Awareness