Why Should I Buy Disability Insurance?

Whether you work for yourself or are employed by a large corporation, the most important asset you have is your ability to earn an income.

More Common than You Think

According to statistics posted on efmoody.com, in 2003 a 35-year old had a 50% chance of becoming disabled for 90 days or more before age 65. Additionally, the site reports that in 2003, 1 out of every 7 workers would suffer a 5-year or longer period of disability before age 65.

Protect Your Ability to Earn an Income

Should you become injured or suffer a long-term illness (one which prevents you from working), the loss of your income can be devastating to you and your family -- especially if you have significant debt or if your family relies solely on your income. Like any other important asset, it is important to insure your earned income.* Some argue it is the single most important asset you have.

Get as Much Insurance Protection as Possible

Once you've decided to purchase disability income insurance, it then becomes important to secure a sufficient amount of coverage that is in line with your income and occupation. Even if you are covered by an employer's plan, you may not be covered to the maximum amount allowed by most insurance companies. Often times, insurers will allow you to protect 70 percent of your pre-disability earnings or more. It is a prudent financial strategy to secure as much disability income insurance as possible.

Contact us to discuss your need for disability income insurance today!

*Purchasing disability income insurance may protect up to 70 percent of your earned income.