DISABILITY INCOME INSURANCE

Could it happen to you and are you covered if it does?

Make An Appointment

DISABILITY INCOME IS CRITICAL

Protecting your income isn’t just for you – it’s for the people you love, too. Disability income insurance replaces a portion of your income if you can’t work for an extended period of time due to sickness or injury. One of the most important decisions you can make is to insure your income. We’ll help you find a contract that fits your needs and budget.

MISCONCEPTIONS ABOUT DISABILITY INCOME INSURANCE

Most of us get the need for health insurance, homeowners insurance and car insurance. But how many of us know about – or understand – disability income insurance? Why is it so important?

Plain and simple: Disability income insurance replaces a portion of your income if you’re unable to work. Depending on the contract, you could receive income for a few years, or even decades.

Separating fact from fiction

Here are four common myths about disability income insurance.

1.  “I don’t need it because I’m healthy.”

It can be hard to think about being unable to work when you’re in good health.

It doesn’t have to be something severe.

2. “I have plenty of insurance through work.”

Your employer may provide you with some disability income insurance. That convinces some people they don’t need to buy their own contract, which can actually wrap around the insurance they have from their employer.

While a contract provided by your employer sounds good, the benefits it pays could be taxed, the same way your paycheck is. If you can’t work, you could take home less income than you’re expecting.

Also, sometimes people think workers’ compensation will cover an injury or illness.

3. “I’ll use my savings – or I’ll qualify for Social Security.”

The Social Security Administration often denies many applications at first. It could take up to two or three years to complete the appeals process. Disability income insurance can help your family remain financially stable while you wait to qualify for it.

People also often think they’ll use their savings until they can go back to work.

A person might need to pay for physical therapy or home modifications to make it easier to get around.

4. “I can’t afford it.”

New contracts guarantee keeping premiums level, which means young and healthy people can lock in a low rate.

Another option is to buy disability income insurance that covers being out of work for, say, two years, rather than a contract that would bridge the gap all the way to retirement.

Some contracts cost as little as $25 to $30 a month. More importantly, it helps protect the income that you and your family need.

CONTACT US TO SCHEDULE AN APPOINTMENT

  OUR SERVICES

LIFE INSURANCE
DISABILITY INCOME INSURANCE
LONG-TERM CARE INSURANCE
MEDICARE SUPPLEMENTAL INSURANCE
ANNUITIES
RETIREMENT ACCOUNTS
INVESTMENTS
BUSINESS INSURANCE
AUTOMOTIVE INSURANCE
HOME OWNERS/RENTERS INSURANCE

  OPENING HOURS

Mon. – Fri. 9am – 5pm
Sat. By Appointment
Sun. Closed

  239.839.7377

  OFFICE LOCATION