Disability Insurance

Most people are surprised by this fact, but:

You are more likely to become disabled during your prime working years than you are to die.

Statistics show that:

  • One in five Americans between the ages of 35 and 65 will experience a long-term disability-one that lasts three months or longer
  • One in seven Americans become disabled for at least five years prior to turning age 65
  • The number of severely disabled individuals between the ages of 17 and 44 has increased almost 400% since the mid 1970’s
  • The average employee has only enough savings to live off of for less than five weeks
  • Only around 40% of Americans have Disability Insurance.

That is why for most people, Disability Insurance is considered equally important or more important than Life Insurance. Being unable to work for an extended period can have a crippling financial affect on you or your family. Yet, the majority of people do not protect their most valuable asset…their earning potential.

When you become disabled, your living expenses do not go away…your paycheck does.

You still have to pay for:

  • Mortgage or rent
  • Car
  • Clothing
  • Utilities
  • Food
  • Maybe even new medical expenses

This is why Disability Insurance is so important. Disability insurance provides a financial safety net if you become sick or injured. If you are unable to work for an extended period of time, due to a disabling physical or mental reason, Disability Insurance pays you a monthly benefit based off of your current income until you are well enough to go back to work.

Here are some things to consider to determine if you have a need for Disability Insurance:

  1. How long can I live off of my current savings?
  2. Can my family live off of my spouse’s income?
  3. Who will pay my bills if I exhaust all of my savings?

There are many Disability Insurance products available today. We feel it is important to look at several options to determine the plan design that fits your needs. We represent the top carriers in the Disability Insurance market and understand the plan provisions, riders and options that makes each companies’ product different. We also work with you to determine how much coverage you need and how soon the coverage should start paying a benefit if you become disabled.

 

REQUEST A DISABILITY INSURANCE QUOTE

Click above to request an accurate, no obligation, Life Insurance quote from The Guard Group.

Securities and Investment Advisory Services offered through Allegheny Investments, Ltd., Member NASD, SIPC, 3000 McKnight East Drive, Pittsburgh, PA 15237 (412) 367-3880. Neil Merrell, Allegheny Investments Registered Representative. Allegheny Investments, Ltd. is not an affilitate of The Guard Group.

 
 
 
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