Imagine if you lost your job, or had to take an extended leave of absence because of an illness or injury. No one likes to think about it, but how would you support yourself or your family? How would you handle monthly bills, especially critical things like your mortgage, rent, or loan payments?
Fortunately, there is a solution: Disability Insurance.
How It Works
Disability insurance insures protects your most valuable asset. Your income!
For people earning less than $100K annually, most disability insurance policies cover up to 60% of your annual salary. Using that percentage, a person making $50K per year would receive $30,000 of lost wages due to an unexpected illness or accident.
It’s very likely that you have spent a lot of time researching car or home insurance in order to find the best policy for you and your family. But have you done the same with disability coverage, the very thing that protects you and your family against lost income due to a disabling accident or medical condition? The single greatest asset any of us own isn’t possessions, but our ability to provide for ourselves and our families.
The odds of a household’s primary provider becoming disabled are far greater than most people think. 1 in 3 women and 1 in 4 men in the work force will experience an injury or illness severe enough to affect their income for at least ninety days.
Why, then is disability coverage regularly overlooked?
It’s true that some states mandate employer-provided temporary disability coverage. But most states don’t. It falls to you to understand what disability insurance policies usually cover, what coverage is offered by your employer and your state, and to make sure you have enough coverage to continue to provide for your family in the event of suffering a disability.
Does disability insurance make sense for you? Contact us today to discuss your options, or watch the videos on this page to learn how, for only a few dollars a month, your income, your family, and your lifestyle can be protected. It pays to come to Snyder Insurance to learn what disability insurance policies usually cover.