Individual disability insurance has become an important part of a complete financial security plan, because
- One in five Americans will experience a long-term disability during their working years.1
- Disabilities lasting more than 90 days have the potential to last for years.1
- Every 30 seconds someone files for bankruptcy in the aftermath of a serious medical problem.2
- Among those whose illnesses led to bankruptcy, nearly 76% had medical insurance at the onset of illness.3
Most people need disability insurance because they have not
accumulated sufficient funds to replace their current income. If you are
like most people, your income is the foundation that supports your
lifestyle. Your ability to earn an income truly
is your most valuable asset.
What if you have
a Disability policy and don’t become disabled…..what happens to
all of the premium paid? Many policies now have a "surrender value"
option. You win either way. At age 65, you will receive a refund of 100% of
all premiums paid, less any benefits paid to you. Protection if you need it,
money if you don’t.
Do you know that average disability insurance premiums only
cost you 2% to 3% of your gross annual income? Give us a call and we can free evaluation of your disability insurance needs.
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