COULD YOU PAY YOUR BILLS IF YOU WERE UNABLE TO WORK?
Call us today for a free review of your income protection.
What is your biggest asset? Your home? Your 401(k)? Likely not. Your biggest asset is your own ability to earn an income for you and your family. Your income is the foundation that all other financial aspects of your life rest upon. Disability insurance can help you protect your paycheck should you become too sick or injured to work.
- Age, health, gender, and occupation/specialty.
- Definition of disability: Will the benefit continue if you work in a different occupation or specialty?
- Guarantees: Guaranteed Renewable (a company can increase premiums) cost less than Non-Cancelable (premium is guaranteed) policies.
- Policy features: Elimination (waiting) period, benefit period, inflation protection, partial disability, etc.
- The insurance company’s financial strength and claims-paying ability: Stronger companies generally charge more, but you may be more likely to get a claim paid down the road.
You can expect to pay between 1% and 4% of your gross annual income. Generally, you get what you pay for. Disability insurers have extensive claims experience and know how much to charge for a specific risk. Look for overall value, rather than just the lowest premium rate.
- You get the best policy for your profession at the best price possible. We shop multiple companies for you to make sure you get the best value.
- We have extensive experience with not only selecting and placing policies but more importantly, we have helped our clients through the process of getting their claims paid. This process can be difficult and time-consuming. We are there to help you get paid.
The Council for Disability Awareness (CDA) is a nonprofit organization dedicated to educating the American public about the risk and consequences of experiencing an income-interrupting illness or injury.