Most of us insure our home, our cars, even our life; but what about your income? No one wants to think about having an accident or becoming seriously ill; but the chances of you being disabled to some extent are actually much higher than the odds that you will be killed.
When you read the paper or watch the news on television, people are seriously injured or diagnosed with debilitating diseases every day. It may seem like it always happens to someone else, but unfortunately, it can also happen to you.
Individual disability insurance is designed to replace a portion – typically 45 to 60 percent – of your gross income. Should a disease or injury prevent you from working and earning a living, you receive a monthly payout from the insurance company. Benefits are tax-free if premiums are paid by the individual rather than an employer. Policies vary widely, and coverage for white collar and blue collar workers is quite different.
We can help you understand your choices and the major features a policy can offer. Then you can select coverage to help you protect one of your most valuable assets – your income – should you become injured or ill. Make sure the income you and your family need will be there when you need it most.
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