D.I. WHY? The importance of disability insurance

May is Disability Insurance Awareness Month and a great time to speak to you clients about this important type of coverage.

Insurance is purchased for a variety of reasons, primarily to mitigate financial risks and uncertainties. Insurance policies can be used to cover clients life, health, car and homes. What is often overlooked is a policy to safeguard one of the most important assets: income.

Disability Income insurance plays a vital role in providing financial stability during times when one cannot work due to injury or illness.

The Highlights of Disability Income Insurance

• Protects the Greatest Asset: Income

  • Disability income insurance provides a safety net, replacing a portion of lost income due to injury or illness by helping policyholders maintain their standard of living and meet ongoing financial obligations.

• Mitigates Financial Risk when Unforeseen Circumstances Arise

  • Disabilities can strike anyone at any time, regardless of age, occupation or health status. Whether a debilitating accident, a serious illness or a chronic condition, the impact on one's ability to work can be profound.

  • Disability income insurance provides an important layer of protection against such unforeseen circumstances, ensuring that individuals can focus on recovery without the added stress of financial worries.

• Supplement Other Benefits   

  • While some individuals may have access to disability benefits through their employers or government programs, these benefits often fall short of covering all expenses.

  • Disability income insurance fills the gaps left by other forms of coverage, offering customizable benefits tailored to individual needs and help maintain stability during challenging times.

• Safeguard Future Plans

  • Disability can have far-reaching consequences beyond the immediate loss of income. It can derail long-term financial goals, such as saving for retirement, funding children's education or paying off debts.

  • Disability income insurance can help protect future aspirations and maintain financial independence even in the face of adversity.

Don’t let your clients overlook the importance of Disability insurance coverage. We have the tools and resources to help your clients integrate disability insurance into their financial plan insuring a more secure and resilient future.

Give us a call today and lets have that discussion!

Click below for a Disability Proposal Request form!