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The Need for Disability Income

One of the rewards of productive work is the ability to increase your personal assets and plan for the future.

All of your plans are based on two factors that are usually taken for granted: good health and a steady income. Your plans may include a new car, a new home, a college education for your children, and a comfortable retirement for yourself and your loved ones. Naturally, you assume you'll be physically and financially able to make those plans a reality.

But, if you were to become disabled, you could lose everything you own-as well as your dreams for the future.

Are you willing to take that risk?

Look At The Numbers

Resources	Drawbacks and limitations
Social Security	Approximately 50% of all Social Security disability claims are denied.
Savings Account	How far would your savings go? And are you willing to see them disappear?
Employee group disability	Most plans cover only base pay. Benefits are taxable.
Individual Retirement Account (IRA)	A penalty is imposed for early withdrawal from an IRA. If you should withdraw these savings, what would happen to your retirement?
Worker's Compensation	Pays only a limited amount over a relatively short period of time.
Loan from a bank or other	Who will lend funds to you, if you can't work? How will you pay it back if you remain disabled?
Friends and relatives	May be willing to help, but their resources are limited.
Spouse's income	Can your spouse continue to work while caring for you and managing the household?

A disability can be partial or total, temporary or permanent. Fortunately, most disabilities are temporary. But, even if you were disabled for six months to two years, consider how the loss of income would affect your financial security and retirement plans.

You work to provide a continuous income, whether you're the sole breadwinner or one who shares this responsibility. If you lost your earning power as the result of a disabling illness or injury, a disability insurance plan would ensure continuity of income when you need it most. For you and your family, it could mean the difference between financial distress and financial stability.

A Plan That Goes To Work When You Can't

You can't eliminate the risk of a disability. But you can alleviate the concern. A disability insurance plan provides you and your family with a measure of protection against an illness or accident that could jeopardize your income. It's a plan that can make all the difference- unless you wait until it's too late.