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Disability Insurance

When you’re healthy and working, it’s hard to imagine being disabled by illness or injury. What would happen if your paychecks suddenly stopped because you were too sick or injured to work? What if you couldn’t work for months — or years? You’d still have to pay all your monthly bills, including food, utilities, house and car payments. Add in things like tuition and retirement funding, and it’s easy to see how savings could quickly disappear. Unfortunately, you can’t always rely on other income sources like Social Security to protect you. In many cases, they don’t apply — or aren’t enough. Consider the following:

  • 1/3 of all people between the ages of 30 and 64 will become disabled sometime in their lives (Source: Health Insurance Association of America)
  • In the 1st year following a paraplegia, living expenses average $259,531 per person (Source: National SCI Statistical Center, 2005)
  • The likelihood of being disabled for more than 3 months is greater than dying in any given year (Source: Society of Actuaries)

Becoming disabled can have devastating financial implications by stripping you of your ability to make a living. While some people can get by without working for a few months by tapping into their savings, few people can afford to stop working altogether for an extended period of time. Disability Insurance is designed to insure your income. It can provide monthly income to help maintain your standard of living and keep your financial goals for the future intact.