1295 Baxter Rd SE Salem, OR 97306
503.480.0499

Disability Insurance Disability insurance

Think about it. Everything you do financially is based on your ability to earn an income. If that ability is lost due to sickness or accident, how would your income be affected? How would the bills be paid if there were no savings left? How would you be sure you could pay for your children's education or meet your retirement goals?

Consider the following statistics:

  • About 1 in 3 workers will become disabled for
    at least 3 months before age 65.1
  • More than 1 in 5 workers will be disabled for
    5 years or more during their working careers.2
  • The average long-term disability claim lasts 31.2 months.3
  • While accidents do play a part in causing disability, 90% of long term disabilities are due to sickness and are not accident related.4

The odds are actually greater of being disabled than of passing away before 65. For this reason, Disability Insurance is a crucial part of your financial protection. You should check at work to see if it is offered as a group benefit. If it isn't, consider an individual policy.

You will want to determine the following:

Your basic need - generally 60% of your gross income

How long before you would need the benefits to begin (this is called an elimination period).

How long the benefits should last - depending on your occupation and health, this could be between 2 to 10 years or until you reach age 67.

We will help you shop through the different insurance carriers to find the most suitable coverage for your situation.

Contact us when you are ready to begin this critical piece of insurance planning.

SOURCES:

1, 3 lifehappens.org

2, 4 disabilitycanhappen.org