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While many people think disabilities won’t happen to them, the statistics show that this is not true.

For example, a 30-year-old has a 50% chance of suffering a disability within 35 years.

People often incorrectly believe they will be covered by Social Security, Workers’ Compensation, or their own savings.
This is not always true most of the time. Although these programs and savings can certainly help to supplement income,
most people can’t expect they will be able to recoup their entire income using these sources.

Social Security benefits are often difficult to obtain, since the restrictions state one must be completely
disabled with no hope of recovery for a period of at least one year, or have a disability expected to be fatal.

Workers’ Compensation offers limited benefits, but only if you are injured while on the job.

The last resort, personal savings, is often a risky way to rely on for most. A short disability is likely to wipe out
any savings, even if they are substantial. When no income is being generated, money for the mortgage, utilities,
car payments, and other large expenses may consume your savings quickly.

If you are unsure whether or not you need Disability insurance, think about this.
The most valuable asset people possess is the ability to work and provide an income for their family.
Make sure you protect this asset.

A quality disability insurance plan will provide you with coverage in the event of a disability. This will help give
you and your family peace of mind.

How much does disability insurance cost?

There is no cookie-cutter answer to this question. Disability insurance is priced according to the elimination period,
benefit period, age, occupational class, and benefit amount. It can be customized to fit your wants and needs. It
would be safe to say that you will pay between 1-3% of your annual income for a quality Disability Insurance Plan.
Remember that your ability to work is one of the most valuable assets you have, so leaving it unprotected can often be a
foolish choice.

According to the Insurance Commissioners Disability Table, it is far more likely that you will suffer a disability than
be in an auto accident or have a house fire. In fact, the chances of suffering a long-term disability of 90 days
or more before an individual reaches the age of 65 are unbelievably high: a 25 year-old has a 52% chance
of becoming disabled; a 35-year-old has a 48% chance; and a 50-year-old has a 34% chance. Unfortunately,
the odds are not in your favor.

You need to start thinking about Disability Insurance. If the above facts don’t hit home, perhaps knowing that of nearly
500,000 Americans who filed for bankruptcy protection, half suffered an unexpected illness or injury.

And most of them had medical insurance. Priorities like keeping the house, car, and other assets make it essential
for you to consider the possibility of a disability in the future.

Call us today to see if Disability Insurance is right for you and your family.