Disability Income Insurance

Meet our client, Tim. He came to us looking for life insurance, and after reviewing his needs, we also recommended disability insurance. He bought a term life policy, but skipped the disability insurance.

He called us back later that year, ready to buy the disability policy. Why the change of heart? Because his wife hurt her back and he saw firsthand how hard it was for her to get around and do all the things she normally did. Because he’s the breadwinner, he knew he had to do something in case he got hurt someday, too.

We helped him get an Assurity disability policy with a 30-day waiting period – the fastest payout offered. Now he’s protected if anything happened to keep him out of work. A car accident, an illness, a fall – if he can’t work, he’ll get paid. “It’s such a relief knowing my family won’t be affected if I get hurt. Christine explained everything to me and made it easy.”
–Tim L.

If you’re like most of my new clients, you’ve probably never thought about losing your income. It’s an uncomfortable thought, but that’s the whole point. You can’t make a plan until you’re willing to ask the tough questions.

• What if you got sick and could no longer do your job? Some jobs allow you to work from home, but not all of them. And some illnesses, like cancer, make you sick enough so that you can’t even do that.
• What if you got injured and couldn’t work? The healing process isn’t the same for everyone. Some people never heal 100%, leaving them with aches and pains or things they can no longer do. What if you could no longer do the job you have now?
• What if you were prescribed a medication that affected your ability to work? As part of your treatment, you will probably be prescribed medication. Many medications have side effects that could make it difficult or impossible to work.

In situations like these, the illness or injury may prevent you from doing your job. That means your income is at risk – and your financial security. Luckily, there is a solution.

• You own your policy – it doesn’t depend on an employer. You can change jobs, go freelance, work from home, or join the gig economy. Your policy covers you no matter where or how you work.
• It pays you for off-the-job injuries, unlike Workers’ Comp. If you fall off a ladder while hanging your Christmas lights, you won’t qualify for workers’ comp. But if that fall results in a long-term disability, your policy will pay as soon as your waiting period is over.
• It pays you for disabling illnesses as well as injuries. If the pandemic has taught us anything, it’s that illness can strike at any time – and have lingering effects we never expected. Your disability income policy pays you if an illness causes you to become disabled, unlike Workers’ Comp.
• It’s separate from the government’s Social Security disability payments. It’s an insurance policy YOU own that doesn’t depend on the government to pay your claim. Did you know that from 2007 to 2016, only 33% of Social Security disability claims were approved?** That means 67% of applicants were denied…and received no benefits. If you can’t work, are you sure you want to depend on the government? Will you have the time and energy to fight for your claim? It’s a risk I don’t recommend taking.