Disability income insurance is a plan that pays a portion of your income if you are unable to work. This money can help you make your mortgage and car payment, or pay for utilities and other monthly bills. Without this coverage, how would you keep up? Cut into your savings? Borrow from family members or take a loan? All of these options are laced with uncertainty and can leave you financially unstable. With disability coverage, you will remain financially stable and be able to focus on improving your health.
What if your last payday was your last payday? What if there wasn’t another one coming next month? How long could you support your family with no income? A year? A month? A week?
Your income is the most valuable and important asset you have. Have you protected it? No one plans to suffer an injury or illness that prevents them from working, but it is important that you have a plan in place if you do. Millions of Americans have little or no income protection in the form of disability insurance free quotes. I want to make sure you aren’t one of them.
Health insurance only takes you halfway. It pays the doctor and the hospital when you get sick or hurt and unable to work, but it doesn’t pay you. Medical bills are covered but that doesn’t mean that you will be financially secure.
Many Americans are hesitant to purchase this type of coverage because they fear they will never use it. However, with the insurance companies that I represent you can add on an optional Rider, you’ll get back 100 percent of premiums paid at age 65, less any benefits received. It’s a win-win situation—income protection if you need it and a guaranteed savings plan if you don’t.