Disability Insurance
Most
people don't like to
think about disability. But
this is why you should. During the course of your
career, you are three and
a half times more likely
to be injured and need disability
coverage than you are to
die and need life insurance. (Health
Insurance Association of
America, 2001)
When a disability leaves you
unable to work for an extended
length of time, you lose the
ability to earn an income.
Meanwhile, your living expenses
continue - in
fact, they're likely to increase.
If you don't have much in the
way
of assets for a financial
cushion, then disability
insurance will help cover costs
and supplement
your income until you can go
back to work.
Many employers
already provide their employees
with income protection through
an
employer-sponsored plan, but
these are typically designed
to replace
only 50% to 70% of your income
while you are disabled.
As a result, you may consider
purchasing
a supplemental individual policy
to make sure you have adequate
protection.
Contact WorkInvest to learn more.
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