There are many components to financial security, but an individual’s ability to work and earn an income is what makes everything else possible. People insure their homes, cars and personal property, yet they often fail to consider insuring the one thing that makes all those things possible – their income.
When someone is too sick or hurt to work, the bills don't stop. Plus, there may be additional expenses for medical treatment or assistance. Many believe the government will support them, but average amount of time it takes to collect Social Security disability benefits, if you qualify, is more than a year. Employer policies are usually taxable, leaving less income to go around. Are you confident your family would survive?
Unfortunately, most people don't realize how important protection is until it's too late – after they become too sick or hurt to work. Get in touch with your financial advisor today and ask how to protect your loved ones.
Don't have an advisor? Give us a call at (800) 589-3000. We'd love to listen to your needs and set you up with someone who can help guide you.
More than 36 million Americans are classified as disabled; about 12% of the total population. More than 50% of those disabled Americans are in their working years, from 18-64.
(U.S. Census Bureau)
Get an overview of the various uses for a DI policy in these one-minute shorts featuring Tim Kukieza, VP of Disability Income.
Disability insurance may not be your primary focus, but it's an important part of protecting your client's financial security.
Get a comprehensive guide to understanding the need for disability insurance, the right questions to ask, and how your clients can benefit.