One of four employees will be disabled for at least three months some time during their career.* If you get sick or injured and become physically unable to work, having disability income insurance can help protect you and/or your family from financial stress. The policy will cover 45-65% of the income you would normally be receiving, distributed on a monthly basis. Even if you’re currently young and healthy, you can’t always predict future illnesses and injuries. Protect yourself and/or your family, as well as your lifestyle, by choosing a disability income insurance that works for you.
Who needs disability income insurance?
If you or your loved ones heavily depend on you for financial support, you should consider purchasing disability income insurance. Unlike life insurance, this policy can be necessary regardless of age, marital status, or number of children. For example, if you are young, single, and independent, your job may be the only way you can support yourself, and if you become disabled, you could lose your income.
You should also be interested in this policy if you are at risk of a health concern. According to WebMD**, some of the most common conditions that cause people to become unable to work are:
However, if you are at risk for a chronic condition that will prevent you from performing two activities of daily living (i.e., eating, bathing, dressing, toileting, walking, and continence) without assistance, you may actually be interested in long term care insurance.
Keep in mind that with Armor Insurance Professionals, you get to personalize your insurance policies to suit your needs and circumstances. As a brokering agency, we can compare prices from different companies for you at no cost. Need help deciding on the right amount of protection that fits in your budget? Get an online quote now or speak with a friendly agent to get started!
*U.S. Social Security Administration Fact Sheet, February 2013
**”Leading Causes of Disability.” WebMD, 2017