DISABILITY INSURANCE

What is disability income insurance?

What would happen if your paychecks suddenly stopped because you were too sick or injured to work? What if you couldn’t work for months – or years?

You’d still have to pay all your monthly bills, including food, utilities, house and car payments. Add in things like tuition and retirement funding, and it’s easy to see how savings could quickly disappear.

Unfortunately, you can’t rely on other income sources like Social Security to protect you. In many cases, they don’t apply -- or aren’t enough. Disability income insurance can help replace a portion of lost earnings, provide return-to-work benefits and/or help protect the ability to make retirement contributions.

Why would I want disability income insurance?

Instead of having a disability disrupt your financial plans, make sure disability income insurance is a part of your financial plan. This could enable you to stay in your home, and continue with your other obligations including sending your children to college.

• One in 3 working Americans will become disabled for 90 days or more before age 65. *
• The average disability absence is 2 and a half years.
• More than 80% of working Americans don’t have disability income insurance or aren’t covered adequately. **
• 48% of mortgage foreclosures in America are due to a disability.***

*Commissioner’s Individual Disability Table A
** National Underwriter Magazine, May 2001
*** Journal of Financial Planning Volume 14 issue 4 April 2004 .