Disability insurance can help to replace a portion of your income when you are sick or injured and unable to work. Some people refer to disability insurance as “paycheck protection.” Having adequate disability insurance can help provide a sense of security - knowing if the unexpected were to happen, you would still receive a regular income.
People are quick to insure their possessions, such as their home and car and also may have life insurance to protect their family in the event of their death. However, do you know what your number one asset is - it is your ability to get up every day and earn a living. If something were to happen and prevent you from being able to work, even for a short time, would it have an impact on your financial security?
Did you know that an illness or accident will keep approximately 20% of workers out of work for at least a year before they reach age 65? And your chance of missing at least 90 days of work due to a disability is about one in three.
Think about the stress that would be created if you were disabled and not able to work. Having disability insurance could provide necessary replacement income, exactly when it is needed.
For more information about how to protect your income with disability insurance, contact us in Nanuet, Clifton Park, or Hauppauge, New York, today.