Disability income insurance is a type of insurance product designed to help replace a major portion of your income if you were unable to work because of an illness or injury. For this reason, many people think of it as “paycheck protection.” Along with life insurance, disability insurance can offer the protection you need to ensure your family doesn’t lose their home or other valuable assets if the unthinkable happens.
The majority of people don't believe they're at risk of becoming disabled, but one in five Americans (56 million) are now coping with a physical or mental disability, according to the U.S. Social Security Administration. Moreover, one in four 20-year-olds today are predicted to become incapacitated before they reach retirement age.
Your family could be at serious risk if anything unforeseen occurred if you don't have a good disability insurance coverage, especially if you pay a mortgage or monthly household expenses (most American households rely on two incomes to pay the mortgage). You may not be adequately protected if you rely solely on Social Security Disability; qualifying for benefits is quite challenging.
The majority of people don't believe they're at risk of becoming disabled, but one in five Americans (56 million) are now coping with a physical or mental disability, according to the U.S. Social Security Administration. Moreover, one in four 20-year-olds today are predicted to become incapacitated before they reach retirement age.
Your family could be at serious risk if anything unforeseen occurred if you don't have a good disability insurance coverage, especially if you pay a mortgage or monthly household expenses (most American households rely on two incomes to pay the mortgage). You may not be adequately protected if you rely solely on Social Security Disability; qualifying for benefits is quite challenging.
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