Why Disability Income is Important

Why Disability Income is Important

Most Americans don’t think about protecting their income if they get sick or hurt and can’t work. Not collecting a paycheck for long periods of time will definitely put you in a huge financial struggle sooner than you think.

Why Protect Your Income Through Disability Insurance?

Recent years have been tough, but Americans are rebuilding for a brighter future and dreaming about tomorrow. Through careful planning and follow-through, achieving financial security and maintaining your lifestyle are within reach—and protecting your income is a key priority.

How would your life change if you were suddenly too sick or hurt to work and could no longer earn an income? How would you support your family? What would happen to your savings? To your retirement plans? To your children’s opportunity for a college education?

Nobody wants to think about it, but insuring your income could be the most important thing you ever do. Why? Because your ability to work and earn an income is by far your most valuable asset.”

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What is Disability Income Insurance and Why Do I Need It?

“This valuable coverage provides you with monthly benefit payments to help you pay for everyday living expenses if you become too sick or hurt to work. Like car insurance covers your vehicle or homeowner’s insurance covers your house, disability insurance covers your paycheck.

Individual disability insurance – also known as income protection – can stand alone or supplement coverage you may receive through work if an unexpected injury or illness happens.

Individual disability insurance policies stay with you, even if you change jobs or careers, and can be customized to your budget.”

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Stay Financially Healthy – Today!

“When it comes to your financial well being, there’s nothing more important than your income. Income protection (disability insurance) helps to ensure that you’ll continue to have an income, even if you get too sick or hurt to work.

Disability insurance isn’t just about planning for the worst to happen. It’s a positive step toward protecting your financial security, whatever life brings.”

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Educating Yourself on Disability Income Insurance

“Like most people, you may have a range of financial obligations you’re responsible for, such as rent or a mortgage, retirement savings and everyday expenses. If you become disabled, you’ll still need to fulfill your commitments and provide for your loved ones. Even if you have group long term disability income insurance through your employer, it may not be enough. Individual disability income (DI) insurance may help protect more of your income if you become too sick or injured to work for an extended period of time.

When you add up your income throughout your career, it will most likely be your single biggest asset. Without it, your ability to support yourself and your loved ones, as well as the future you envision, may be in jeopardy. With so much at stake, it’s important to help protect a portion of your income with DI insurance.

You’ve worked hard to save for retirement, so it’s critical to protect the nest egg you’ve built. Since DI insurance can help you meet your current financial obligations if you become too sick or hurt to work, you may be able to avoid tapping into your retirement savings. You may also be able to purchase a DI policy designed to help you continue saving for retirement if you become too sick or hurt to work. And while they are not a retirement plan, or a substitute for one, some DI policies may help replace an amount equal to the contributions you would have made to your retirement plan if you had not become disabled.”

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Having disability income insurance can be a sink or swim situation. Having your bills pile up while you are disabled and not having any way to pay them is scary. Protect yourself before this happens. For more information on obtaining disability income insurance, Pacific Insurance Group are the professionals to contact to suit your DI needs. Call them today at (425) 246-4222.