DISABILITY INSURANCE

Becoming disabled through an injury or sickness can mean a significant loss of income.  Simply put disability insurance protects against the loss of your stream of income. 

Without disability insurance in place you run the risk of losing your ability to earn wages directly affecting your monthly budget.

  

If you currently have disability insurance through your employer you are doing better than most, but you are not in the clear. Because your employer pays for the coverage you will be taxed on the benefit you receive.  Right now you have the option to self insure by taking out a Supplemental Disability Insurance plan.  This will help secure additional coverage putting you closer to your annual salary.

 

Most disability plans give you roughly 66% of your annual salary.  If you take a policy out on your own this means you are self insuring.  If you change jobs during your career you can take the policy wherever you go, and you are never taxed on the benefit you receive.

To find out more information, fill out our no obligation disability quote form, and one of our friendly agents will contact you shortly.