Disability Insurance
What is disability insurance?
Disability insurance protects your income if you become unable to work due to illness or injury.
Do I need disability insurance?
You probably understand the need for life insurance to help provide for your family’s future in the event of your death, but did you know that during your working years you are more likely to face income less due to illness or disability than to death? According to the Society of Actuaries, three out of every ten workers between the ages of 25 and 65 experiences an accident or illness that keeps them out of work for three months or longer. And, according to the National Safety Council, nearly 60 percent of injuries happen off the job, which means those injuries are not covered by worker’s compensation.
Not all employers provide long-term disability coverage for employees. Those that do generally offer coverage to replace only 50 or 60 percent of your income.
That’s why you need the income protection—and peace of mind—that an individual disability insurance plan can offer.
If you would like information about purchasing disability insurance, let us know. At Barham Benefit Group, we will work with you to find a plan that protects your family’s financial security from sudden loss of income as a result of wage-earner disability. BBG can help you find a plan that includes both short-term and long-term disability benefits and ensures that you standard of living will not decline should you be unable to work.
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