May is Disability Income Awareness Month. OK, so we have thought about our monthly expenses and the size of the financial risk we might have if we become disabled. But now you are probably saying to yourself: “The chances of that happening are so low, I don’t have to worry about it.” Well take a…
May is Disability Income Awareness Month. To better understand your need for disability insurance coverage, it helps to see exactly what you are protecting and why. How important is your paycheck is in creating and maintaining your lifestyle—now and into the future? Here’s a calculator from the LIFE Foundation to help estimate your needs: Disability…
Most Americans underestimate their risk of suffering a disability and overestimate the resources they have available in such an eventuality. Disability insurance provides replacement income in the event that you can’t work due to a disabling illness or accident. Think of it as insurance for your paycheck. Simply put, if you have a job, you need disability insurance.…