Your family means everything to you
That’s why you’ve worked hard to give your loved ones every advantage. But would your family have the financial resources to maintain its lifestyle if you got sick or hurt and couldn't work? If you died?
While nothing can replace you, life and disability income insurance can help ensure you and your loved ones have the financial security necessary to live out your dreams.
Life insurance can help
Pay the mortgage or any other debt you may have
Replace some of your income to maintain your family’s standard of living
Keep your children in their current school and fund college
Pay for final expenses
Leave a legacy
Life insurance can also be more than a safety net. Depending on the type of life insurance, it can also be the foundation for a sound financial strategy. With permanent life insurance, for example, as you pay premiums, the policy accumulates cash value that grows tax deferred and can become a source of funding you can utilize to help meet your financial goals.
Disability Income Insurance
Disability income insurance replaces a portion of your income if you become injured or ill and unable to work. For those who are young and healthy, it’s hard to envision a sickness or injury interrupting your ability to earn a living. But one of every four employees will be disabled for three months or more at some point during their career.
If your employer offers a comprehensive package of benefits, you may have access to group disability income insurance at work. Most group plans cover short-term disability (typically six months to two years) and may also include long-term disability. And that's a great starting point. But it may not be enough, because most group plans:
Cover only a portion of your base income (typically 50-60 percent)
Deliver benefits that are usually subject to income tax
End when you leave the company
To further protect yourself and others who rely on your income, you may want to consider supplementing your group coverage with individual long-term disability income insurance.
Let's design and implement your family's insurance plan today.
Call today, speak to a licensed agent.
Life Insurance 101
The Basics: Life Insurance
Disability Income 101