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Disability can cause financial hardship and cause nearly 50% of all mortgage foreclosures and half of all personal U.S. bankruptcies.
Who Needs Disability Insurance?
Anybody who works and needs to protect lifestyle financial flow needs Disability Insurance.
Disability is common. A person suffers a disabling work injury every nine seconds, and Disability often keeps people out of work Almost three in ten workers entering the work force today will become disabled before retiring.
Disabilities can vary in category and difficulty, but the impact on your ability to make a living is compromised whether you become critically ill or seriously injured, your income stops.
Types of Disability Insurance: The Basics
Medical insurance pays for expenses related to injury or illness but does nothing to compensate you for lost wages.
The Complete Insurance source.com wants you to know that the need for disability income insurance as a method of income replacement is critical as an individual disability insurance policy will replace your lost income, usually on a tax-free basis, if you cannot work due to injury or sickness.
- Individual Disability Insurance
- Renewable at the option of the company
- Guaranteed Renewable
- Non-Cancelable/Guaranteed Renewable
How Much Disability Insurance Do I Need?
The cost of individual disability insurance is affordable and there are several optional benefits available that allow you to structure a plan that fits your budget.
Contact a Disability Insurance Expert at TheCompleteInsuranceSource.com
Review your circumstances with one of our professionals and learn the factors affecting your choice, your cost, and the way your benefits are paid.
Get a quote from the Disability Insurance Professionals at TheCompleteInsuranceSource.com
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Forest Hills Financial Group is an agency of The Guardian Life Insurance Company of America (Guardian), New York, N.Y.
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