How Would You Pay Your Bills if You Become Sick or Hurt and Unable
to Work?
- Consider all the things that depend on your income: Rent, mortgage payment,
car payment, food, utilities, etc.
- Your ability to earn an
income is one of your most valuable assets
- If you depend on
your ability to earn an income to support yourself and your family disability insurance should be a part of your financial
plan.
Can You Depend on Social Security
- 70% of all applicants that apply for disability benefits
with Social Security are rejected
- To qualify for disability benefits
with Social Security the disability must be one that can be expected to result in death or which can be expected to last
for a period of not less than 12 months
- Even
a short term disability of 3, 6, or 9 months for most people would be financially devastating.
Understanding Disability Insurance
- Benefits are Paid to You on a Monthly Basis
- You are Fully Covered On or Off the Job
- You can
select when you want your benefits to begin (30, 60, 90 or 180 days)
- You
can select how long you want your benefits to be paid (6 months, 1 year, 2 years, 5 years, 10 years or to age 65)
- You can choose a monthly benefit from 45%-75% of your gross monthly income
