What is Disability Insurance? Disability Insurance is an income protection policy that pays you benefits, like a “paycheck,” if you can’t work because of illness or injury. You can use these payments to pay for the big and little things in your life. You can pay your mortgage, car payment, education loans, insurance polices (health, life and auto) and the other items you need to live.
Do you really need Disability Insurance? You may be surprised at the chances of becoming too sick or hurt to work. Illnesses and injuries can happen to anyone, anytime. 1 in 4 of today’s 20-year-olds will become disabled before they retire. Typically, 95% of the time the reason people can’t work is due to illnesses, like cancer and strokes, rather than injuries.
How much does Disability Insurance cost? Typically an individual disability income insurance policy is just 1% to 3% of what you earn.
Make sure that your freedom to do the things you love doesn’t change-even if your health or ability to work does.
Contact us for a no obligation quote or to get a free review of your current disability policy.
We work with some of the best Disability companies like Mass Mutual, Guardian and Principal.
Steven M. Hughes