Individual Disability Income Insurance Overview
Disability Income Insurance
Your income is the foundation of every financial strategy you have in place. Without it, your plans may be put in jeopardy. Proper planning with individual disability income insurance can help protect a portion of your earned income for the things that matter to you if you become sick or hurt and unable to work.

Disability Income Insurance Protection: An Introduction
Disability insurance is extremely important but all too often overlooked. A disability can occur at any time and if it’s severe enough, it could prevent you from being able to work and provide for your family. Disability insurance can help provide the monthly income to pay for necessities like groceries,
mortgage payments, and other monthly bills that will ensure that your household stays afloat in the event of a sudden crisis.
Most people assume that disabilities are the result of accidents. In reality, the majority of disabilities people suffer are due to various forms of illness. According to Social Security, fifty-six million Americans, or 1-in-5, live with disabilities. And 1-in-10, live with severe disabilities.
For protection, having quality disability income insurance is a must if you suddenly find yourself with a limited capacity to earn income, or worse, totally unable to earn an income.

Potential Amount of Income Risk
The ability to earn an income is often our single most important asset. The figures below represent the present value of income loss if you were to become totally disabled. For example, look at the present value of the income you would lose.


When You Become Disabiled, Expenses May Go Up While Income May Decline
The average long-term disability absence from work lasts 34.6 months – almost three years, according to the Council for Disability Awareness. Social Security disability payments are modest, paying an average monthly benefit of $1,234. That is barely enough to keep a beneficiary above the 2018 poverty level ($12,140 annually).

A disablity income policy has exclusions and limitations. For costs and complete details of coverage call (212) 536-8700. CRN202203-258795