Insurance is out there to protect all of your most valuable assets: your house, car and health. But a good number of people forget to insure the one asset that makes everything else possible, their income. The odds of you becoming injured or disabled and no longer capable of working are probably much higher than you think. The older you get, the likelihood of you becoming disabled before reaching retirement increases significantly. Do you have the financial resources to pay your mortgage every month if you suddenly lost your income due to a disability? Would you have the means of supporting your family if you became injured? Over 350,000 Americans become completely disabled every year, if this were to happen to you, how would you pay the bills? Click here to instantly receive a free quote from licensed representative and take the first step in protecting your income.

Learn more about Disability Income Insurance…          

Disability income insurance is a policy that is obtained either through your employer (which tends to be very basic) or individually. It provides you with coverage in the event of you becoming disabled or injured, and not being able to perform the duties associated with your position. There are many types of disability policies with various coverage options, all which affect your premium. The main factors that vary when choosing a policy are: how much you will be paid (certain percentage of your income), how long you will be paid for (2 years, 5 years, until retirement…), and also how soon after an injury/disability occurs will benefits actually begin.

Typically, most individuals choose a policy that allows them to receive anywhere from 50-80% of their income, but some companies do offer up to 100% of your income, though the premiums will be higher. The longer you would like to receive benefits if something were to happen, the higher your premium will be; insurance companies offer many different options, including a fixed time period (2, 3, 5 years…) or until retirement. Also, the length of time between when you become disabled and when you receive benefits will impact your premium, with some policies offering benefits within weeks and others having a delay of a year or more (which is less expensive).

What do I need to know?

• Disability insurance provides means of income if you were to become disabled/injured and no longer can perform your duties at work
• It is designated for individuals who do not have the financial ability to pay their bills and support their family if something was to happen
• Disability insurance may be much more economical than you expect