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Disability

DisablityInsuranceHow would your lifestyle change if you were sick or hurt for a year or more, and could not work?

Your most valuable asset is not your home, car, or possessions. In fact, your most valuable asset is your ability to earn a living. Most of us don’t think about becoming disabled, but sometimes life is unpredictable. You must have income to protect your lifestyle. If it happens to you, how will the bills be paid if and until you are able to return to work? No one can predict when an accident or illness will happen, but most of us can plan ahead and be prepared by purchasing disability insurance.

Disability insurance helps cover loss of income and other benefits in the case that you are unable to work due to an injury or illness. To some, the cost of such a policy might seem either overwhelming or unnecessary. Consider:

A good approximation is that it costs 1.5% – 3% of someone’s gross earnings to protect 60% – 65% of someone’s net income on a tax-free basis.  The point is that while we state disability benefits in terms of a monthly benefit, the potential benefits we are providing often exceed $1,000,000.  That helps put the premium into perspective.

Is it reasonable to spend 1.5% – 3% of your income today,  to insure you receive your potential income from today until age 67?

Definition of Disability

Any Occupation

Partial/Residual/Loss of Income

The Waiting Period

The Benefit Period

Business Overhead Expense (BOE)

If you depend on your income to pay your bills, you must seriously consider purchasing a disability insurance policy. At Complete Analysis, Inc., we will assess your needs, and guide you in selecting and obtaining the best policy for you. Call or email today to get started.

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