Believe it or not, one of the most valuable assets you have may not even be adequately protected — your ability to work and earn an income.

This is especially important if you have dependents, for example, if you’re the breadwinner in your family. Your employer may offer disability coverage, but it may only pay about 60% of your salary. Figure in unexpected medical costs on top of your mortgage, utility or other bills, and you’re underwater in just a matter of months.

Disability Income Insurance protects your earned income. Depending on the amount and the kind you have, it may cover anything from paid sick leave, to long-term disability benefits.
Most companies provide their full-time employees with some form of Disability Income Insurance. However, if you are self-employed or not covered by your employer, it clearly makes sense to consider purchasing an individual plan or supplement.

IMOR Financial can help match you with a disability insurance or supplemental policy from one of our industry-leading insurance carriers, to make sure your income is well protected, no matter what.

How Protected Is Your Income?

Imagine if you suddenly lose your job due to an injury or illness. In addition to the physical and emotional toll, your income might be suddenly and dramatically reduced, or possibly eliminated altogether.

Being unable to work means you may be unable to pay your mortgage, monthly bills, health costs, or even living expenses — and you will be struggling to provide for your dependents. It’s a harsh reality, but one few people think about until it happens to them.

Look At The Facts:

A disabling injury occurs every second – on and off the job. — National Safety Council, Injury Facts 2008.

The average length of a disability for someone age 40 is 6.6 years. — Individual Disability Experience Committee of the Society of Actuaries. 2005.

Every 30 seconds, someone files for bankruptcy in the wake of a serious illness. — “Sick and Broke” by Elizabeth Warren. The Washington Post, February 9, 2006.

Disability is the cause of nearly 50% of all mortgage foreclosures. — The Council for Disability Awareness

Individual disability income insurance protects you by providing monthly cash income. You can use this to help pay your bills in the event a sickness or accident prevents you from earning your usual paycheck.

Plus, should you change jobs, your disability insurance coverage remains intact — even if your duties change or you lose your job — as long as you pay the premiums on time.

At IMOR Financial, our professionally trained professionals can help you explore your disability income insurance options and help determine if you are prepared for an unforeseen event and loss of income. To learn more about the Disability Income solutions that may be right for you, contact us today.