Disability Income Insurance
Believe it or not, one of the most valuable assets you have may not even be adequately protected — your ability to work and earn an income.
This is especially important if you have dependents, for example, if you’re the breadwinner in your family. Your employer may offer disability coverage, but it may only pay about 60% of your salary. Figure in unexpected medical costs on top of your mortgage, utility or other bills, and you’re underwater in just a matter of months.
Disability Income Insurance protects your earned income. Depending on the amount and the kind you have, it may cover anything from paid sick leave, to long-term disability benefits.
Most companies provide their full-time employees with some form of Disability Income Insurance. However, if you are self-employed or not covered by your employer, it clearly makes sense to consider purchasing an individual plan or supplement.
Futurity First can help match you with a disability insurance or supplemental policy from one of our industry-leading insurance carriers, to make sure your income is well protected, no matter what.
How much disability income insurance coverage should you have? Use our calculator to determine how much you will need in the event you become disabled and are unable to earn your current level of income. And read more about disability income insurance here.