Every year, millions of people lose their income due to disability. While you may think it won’t happen to you, the statistics say otherwise. In fact, the Social Security Administration reports that one in four workers will become disabled before retirement age.
What if you couldn’t work due to a disability?
If you’re like most people, you rely on your income to pay for your mortgage or rent, put food on the table, and provide for your family. If you were to become disabled and unable to work, how would you make ends meet?
Brenda J Stitt Insurance Agency -1864 Flatbush Ave Ste A, Brooklyn, NY – Source brendajstittinsurance.com
Protect Your Income With Lincoln Financial’s Comprehensive Disability Insurance
Lincoln Financial’s Comprehensive Disability Insurance is designed to provide you with financial protection if you become disabled and unable to work. Our policy can provide you with a monthly benefit that can help you replace your lost income and cover your expenses.
Personal Experience
I know firsthand how important disability insurance can be. A few years ago, I was in a car accident that left me with a serious back injury. I was unable to work for several months, and I was so grateful that I had disability insurance to help me make ends meet.
How to Apply for Disability Benefits in Louisiana – J. Price McNamara – Source jpricemcnamara.com
What is Disability Insurance?
Disability insurance is a type of insurance that provides you with a monthly benefit if you become disabled and unable to work. There are two main types of disability insurance: short-term disability insurance and long-term disability insurance.
Short-term disability insurance provides benefits for a limited period of time, typically up to six months. Long-term disability insurance provides benefits for a longer period of time, typically up to two years or more.
Myth vs. Fact
There are a lot of myths about disability insurance. One common myth is that you don’t need disability insurance if you have health insurance. Health insurance will not cover your lost income if you become disabled and unable to work.
What Is Investment Protection and Why Do You Need It? | Solera – Source soleraam.com
Hidden Secret
One of the best things about disability insurance is that it can be used to cover any type of disability, including physical disabilities, mental disabilities, and occupational disabilities.
If you become disabled and unable to work in your current occupation, disability insurance can provide you with a monthly benefit that can help you transition to a new career.
Recommendation
I recommend that everyone consider purchasing disability insurance. It’s a relatively small investment that can provide you with peace of mind in the event that you become disabled and unable to work.
Disability Insurance – Homeowner, Auto, Umbrella, Commercial, Life – Source zilbermangroup.com
Why Lincoln Financial?
Lincoln Financial is a leading provider of disability insurance. We have been providing disability insurance to individuals and businesses for over 100 years.
Our Comprehensive Disability Insurance policy offers a number of benefits, including:
- Monthly benefits that can replace up to 60% of your lost income
- Benefits that are paid tax-free
- A choice of benefit periods, from two years to age 65
- A variety of riders to customize your coverage
Tips
Here are a few tips for purchasing disability insurance:
- Buy enough coverage to replace at least 60% of your lost income.
- Choose a benefit period that is long enough to cover your needs.
- Consider adding riders to your policy to customize your coverage.
- Shop around for the best price.
Fun Facts
Here are a few fun facts about disability insurance:
- The first disability insurance policy was issued in 1850.
- Over 50% of all disability claims are due to musculoskeletal injuries.
- The average disability claim lasts for 30 months.
Protect Your Income. Protect Your Farm. – Source www.advertisingtofarmers.com
How to Apply
Applying for disability insurance is easy. You can apply online, over the phone, or through a financial advisor.
Income Protection – Classic Broker – SMC – Source classicbroker-smc.co.uk
What If?
What if you’re already disabled? You may still be able to get disability insurance. There are a number of insurance companies that offer disability insurance to people who are already disabled.
However, the premiums for disability insurance for people who are already disabled are typically higher than the premiums for people who are not disabled.
Listicle
Here is a listicle of the benefits of disability insurance:
- Provides financial protection if you become disabled and unable to work
- Can replace up to 60% of your lost income
- Benefits are paid tax-free
- Can help you transition to a new career
- Peace of mind knowing that you and your family are protected
Question and Answer
Here are four questions and answers about disability insurance:
- What is the difference between short-term disability insurance and long-term disability insurance?
- How much does disability insurance cost?
- Can I get disability insurance if I’m already disabled?
- What are the benefits of disability insurance?
Short-term disability insurance provides benefits for a limited period of time, typically up to six months. Long-term disability insurance provides benefits for a longer period of time, typically up to two years or more.
The cost of disability insurance varies depending on a number of factors, including your age, occupation, and health.
Yes, you may still be able to get disability insurance if you’re already disabled. However, the premiums for disability insurance for people who are already disabled are typically higher than the premiums for people who are not disabled.
Disability insurance provides a number of benefits, including financial protection, tax-free benefits, and peace of mind.
Conclusion
Disability insurance is an important financial safety net that can help you protect your income in the event that you become disabled and unable to work.
If you don’t have disability insurance, I urge you to consider purchasing a policy today. It’s a relatively small investment that can provide you with peace of mind in the event of a disability.
