Disability income insurance gives you peace of mind. A disability can happen to people of any age. Most people think a disability comes from an accident, but 90% of disabilities are caused by illness, not by accidents.
Frequent Causes of Disability
- Joint, muscle and tendon disorders are the number 1 cause of disabilities.
- Illnesses like cancer, heart disease, and diabetes are the majority of long term disabilities.
- 43% of all 40 year olds will have a long term disability event before the age of 65.
- Over 37 million American are classified as disabled, about 21% of the population.
A disability can be temporary or permanent. If you become disabled, typically you cannot work or you may not be able to work as many hours as before your disability. This impacts your take home pay.
Your health insurance may pay most of your medical costs, but your fixed costs stay the same. This means you are still responsible for rent, utilities, insurance, food, gas, even if you don’t have a paycheck coming in.
Disability Income Insurance – for Peace of Mind
Disability income insurance can provide you with a portion of your income to help you pay your fixed costs. You can’t get 100% of your income because you can’t make more not working, than working. There are several options for Disability Income. You can either get a percentage of your income or a lump sum.
Most Disability Income Insurance will end at age 62-65. At this point you are eligible for Social Security.
Disability Income factors include your occupation and your salary. It can also be based on your level of disability. Some policies pay if you can’t do your own occupation or any occupation. For example, if you worked in a warehouse and can’t lift things, you can’t do your own occupation, but you could do a desk job. Some disabilities may mean you just can’t do any job.
If you are concerned about providing for your family and how to pay your bills if you become disabled and unable to work, disability income protection just might be the answer.
Ask us, we are the disability income insurance experts. We can help you find the coverage that not only fits your budget but fits your needs.