Disability Insurance

What happens if you can’t work?

Protect your family with disability insurance from Legacy Partners

When we talk about our most valuable assets, the topics typically include our homes. Some mention valuable collectibles while others talk about other long-term investments. Business owners talk about their companies. All have value, but none of it would be possible without one common factor: the ability to work, to earn income.
We insure our homes and our businesses…but what happens when we’re unable to work? A long or short-term disability can financially cripple a family. Your income is truly the most valuable and irreplaceable asset you have. Even the ability to pay for insurance protection for those valuable assets is at jeopardy when there’s no income.

The Risk is Real

Most don’t realize the very real potential of becoming disabled.  Statistics show that one in eight workers will become disabled for five or more years during their lifetime.  Currently, over 37 million Americans are classified as disabled. Some consider the possibility of becoming disabled to be almost non-existent due to the low-risk jobs they have.  However, once again, statistics prove that this is not the case.  Nearly 90% of all disabilities are caused by illness, not accident.

An Affordable, Effective Solution

Far too many families suffer financially because the breadwinner became disabled. Too many mistakenly believe that Disability Income Insurance is expensive…and that’s simply not true.
According to a report from Acorns Money Matters, the average individual spends $90 a month on coffee. For less than $60 per month, they can provide financial protection for their family in the event of an accident that results in an unexpected disability.
Disability Income Insurance gives you a monthly ‘paycheck’, enabling you to continue to meet your financial obligations, such as:

  • Mortgage payments
  • Groceries
  • Student Loans
  • Medical Bills
  • Insurance
  • Utilities
  • Car payments
  • Installment Loans
  • Credit Card payments
  • …YOU choose how to spend your money

10 Common Reasons People Give In Order Not To Buy DI Insurance

What Do The Facts Say?
People present a variety of reasons for not purchasing Disability Income Insurance…and none are really justifiable. Here’s the ten most common:

Social Security will take care of me.

FACT: The average SSDI recipient receives only $1,197 per month.

I’m young and healthy, there’s no need.

FACT: One in four of today’s 20-year olds will become disabled before reaching the age of 67.

My financial needs are always changing…the policy won’t keep up.

FACT: Disability Income Insurance policies are flexible, so you can change them as necessary.

It’s too expensive.

FACT: The average annual payment is 1-3% of what you earn.

I need a policy that keeps pace with my income; however, without medical underwriting.

FACT: Additional riders are available which allow you to increase your coverage without providing proof of medical insurability.

I already have coverage through my employer.

FACT: Employer disability insurance typically covers 60% of gross income, and benefits are usually taxable. Can you afford more than a 40% pay cut?

It won’t help if I’m partially disabled.

FACT: Disability Income Insurance offers ways to protect your income in the event of partial disability.

My family and friends will help me if I become disabled.

FACT: Are they able to support TWO families? What if their financial situation should change?

I can buy coverage later.

FACT: We generally don’t get healthier as we get older…and coverage will cost more. Waiting until you need coverage is much too late.

I can rely on my savings.

FACT: Even if you should save 10-15% of your salary, 1 year of being disabled could very easily deplete many years of your savings.

Request A Disability Insurance Quote
from Legacy Partners Today!