Now May Be the Time to Start Thinking About Disability Insurance

Think you don’t need disability coverage? Think again. We draft a will. Create an estate strategy. And purchase life insurance. But few of us consider disability insurance – the coverage that can help us maintain our income and quality of life while we are alive.

A fate worse than death? In financial terms, maybe. Statistics from the Social Security Administration show that a 25% of Americans in their 20s may become disabled before they reach age 67. Consider this – if you are disabled and cannot work, your income stops, but your expenses may not. In fact, due to the cost of medical treatment, your expenses may even increase.¹

Disability insurance is issued by participating insurance companies. Not all policy types and product features are available in all states. Any obligations are dependent on the ability of the issuing insurance company to continue making claim payments.

Will the government take care of you? Many disabled people discover that they don’t qualify for state assistance. Others find that the amount or length of coverage available is not sufficient to support them.

It may be time to start thinking about disability insurance. The reality is that it could happen to you. If it does, will your family be taken care of? Will you be prepared? 

Why not find out about the choices that might be available for you before the year end? You can call me at (701)532-0460 or simply send me an email at [email protected]. I would be happy to speak with you.

^{1. U.S. News & World Report, April 30, 2020}

^{The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.}