Disability Insurance

Disability Quick Quote

What is disability insurance?

Disability Insurance is an insurance policy that pays monthly benefits when you are unable to work due to a physical or mental disability. Disability insurance is designed to replace approximately 50-60% of your gross personal income. There are many policy types and they vary immensely and careful consideration should be given to the terms and conditions of the policy you currently hold or select.

Many Doctors without disability coverage believe they cannot afford the coverage. It is very simple to find out what your options are and how much it will cost. Simply fill out the quick quote form. Remember to ask yourself, can I afford to become disabled and not have the coverage? 

"Me, Disabled?"

It's hard to imagine becoming disabled. But accidents and illnesses can happen to anyone—at any time. Disability is more common than you think.

Studies show:

3 out of every 10 workers between ages 25 and 65 will experience an accident or illness that keeps them out of work for three months or longer.

About 1 in 7 people can expect to be disabled for five years or more before retirement.

Are You Prepared?

The Financial Impact of Disability

Disability can drain your family's savings and jeopardize your financial security. When you're disabled, you may not only lose your ability to earn a living, you could also lose your savings, your retirement funds and even your home.

A recent Harvard study* found that over half of all personal bankruptcies and mortgage foreclosures are due to disability.

If you became disabled and your income suddenly decreased or stopped, would you be able to pay your bills? Could you pay your rent or mortgage, make your car payment, or continue contributions to your 401(k) account? Most people are too busy or just don't want to think of the unthinkable.

A recent Parade Magazine study** found that most Americans are living paycheck to paycheck and have little or no money left after paying their everyday living expenses.

Planning ahead in case disability strikes makes good sense. Building a personal financial security plan can help you get an idea of the financial hardship disability may cause you and your family. It can also help you better prepare for the unthinkable. Why not start building your plan today?

To determine your income needs should you become disabled, please use the Income/Expense Review provided here.

* Health Affairs, the Policy Journal of the Health Sphere, February 2, 2005
**Parade Magazine, April 24, 2006