Disability Insurance

If you are sick or injured and unable to work for a period of time, how long could you comfortably go on meeting your financial obligations?

Disability plans are insurance for your income. There are many different plans available to cover short-term situations, and some can cover 5 to 10 years depending on the company. Disability "benefits" kick-in after a short waiting (or elimination) period and pay out up to 68-70% for your paycheck or annual salary. Like life insurance, health and age play a factor in how much it costs, as well as other factors that determine how much you will pay. You should sit down with someone familiar with disability plans and go over your situation to determine what plan is right for you.

If your place of employment offers disability, you should take full advantage of it, as it's usually cheaper (in a group setting). If it's not available at work and you would like it to be, or you want to explore plans on your own, please contact me for a no-obligation review of your situation today.