Many people feel that disability income insurance is an unnecessary expense… They are wrong!
A disability (sickness or accident) can occur at any time. If the disability is severe enough it will prevent a person from earning a living to provide for themselves/family. Food, mortgage payments, and other monthly bills cannot be paid without a steady income. Personal disability insurance provides monthly income to keep the household afloat. Disability insurance is a necessary extra expense.
It is “tough” enough trying to recover from a sickness or an accident – not having income to maintain your lifestyle can actually prolong the problem! There are many different plans with benefits starting from the first day for an accident and after 7 days for a sickness. Benefit periods can range from 90 days to age 65.
If you are interested in additional information please email or call me and we can discuss!