What is Disability Insurance?
Disability insurance is protection for you and your family. Owning a disability insurance policy will help provide you and your family with a source of income should illness or injury prevent you from working for a period of time.
According to the Social Security Administration, about 1 in 4 of today's 20 year olds will become disabled before they retire. There is no crystal ball that will tell you whether or not you will become disabled, but you can defer a financial catastrophe by owning disability insurance.
Ask yourself "What would happen if my paycheck stopped?"
- How long can you and your family comfortably go without your paycheck?
- How will you pay your mortgage if you did not have your regular source of income?
- What type of lifestyle would you be able to maintain without your current pay?
- Will you have to dip into your retirement funds to maintain your home and lifestyle?
No one expects to become disabled. Be prepared by exploring your options with a disability insurance policy. The principals at Baygroup Insurance can help you understand disability insurance and shop for a policy that is right for you. Learn more.
For more information about Disability insurance, visit our FAQ's.