Do other people besides yourself rely on your income to survive? If you support a family, how do you expect your loved ones to carry on if you’re injured and unable to work?
Disability insurance, sometimes called disability income insurance, helps replace a portion of your income if you’re unable to work due to an illness or injury.
Even if your job provides you with employee benefits, it’s probably not enough to maintain your current lifestyle if you were to be injured. Many companies provide little or no coverage for their employees (specifically if you’re a part-time worker), and so disability insurance can be crucial for replacing lost income.
Disability insurance fills in the gaps in coverage from your employee benefits, and can mean the difference between keeping your home and the lifestyle you and your loved ones enjoy.
One of the disadvantages of relying on employee benefits for loss of income is that those benefits disappear when you switch jobs. Disability insurance, on the other hand, can go with you throughout your entire career.
How long would you expect your savings to last, if you were unable to work because of an injury or illness? Even if you’ve managed to save enough money to last six months (as many financial advisors recommend), an injury or illness could potentially put you out of work for much longer than that.
Disability insurance helps protect you so you’re not completely reliant on your savings. It provides you with a steady, reliable income to help you through an injury or illness.
When you get disability insurance through R. D. Fink Agency, you can rest assured that we are putting your needs first. As an independent agency, we don’t represent any one insurance company—we can offer you a wide range of options and tailor a policy that covers your specific needs.
Contact us today for a free quote, and to find out how you and your family can benefit from disability insurance.
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