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Disability Insurance
Could you afford to live without your income?
Ask most people to think about their most valuable asset, and they'll mention their home, their car, their jewelry, or other possessions. But for most of us, our most valuable possession isn't anything of those things, it's our ability to earn a living. And just as you would insure your car, your home, and other valuable possessions, you need to insure yourself in case you are no longer able to work.
That's what disability income insurance does, it provides a source of replacement income if you're unable to work due to an illness or accident.
But, consider these facts**:
- If you're under age 35, chances are one in three that you will be disabled for at least six months during the course of your career.
- Men have a 43% chance of becoming seriously disabled during their working years.
- At age 42, it is four times more likely that you will become seriously disabled than that you will die during your working years.
*Gallup survey, (508 respondents, aged 30-65), reported by Best’s Review.
**1985 Commissioners Disability Table.
You already have life insurance, right, so you’ve considered the possibility that your family would need financial protection in the event of your death. But what’s far more likely is that you’ll all need the financial protection Disability Income (DI) insurance provides at some point during your working years.
To make it easy for you to get a general sense of your needs, check out this disability income insurance needs calculator. It'll walk you through the process and provide you with an estimate of your insurance needs in a matter of minutes.
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