Archive for June, 2011

Little Known Facts about Disability

// June 11th, 2011 // 1 Comment » // Trends in Disability Insurance

Do you have protection in the event you become sick, disabled, have an accident that causes you to lose time at work?  Who will pay your bills?  What will your family do?  How long will your savings cover your costs?

Did you know that every ten (10) minutes 490 Americans become disabled?

According to the National Center for Health Statistics in a publication issued in 2008 and the findings of the Social Security Administration we know the following:

  • About 62 million people in the US have some type of disability that adversely affects their daily activities
  • Of those approximately 2/3 are under the age of 65
  • Approximately 3 in 10 in the workforce now will become disabled before they retire.

If you answer yes to any of the following statements, you probably need to reassess your insurance portfolio and add additional coverage for disability.

  1. Do you rely solely on your income to pay for everyday living expenses and bills
  2. I have life insurance to protect my family but I would like to explore some options for protecting my income.
  3. I have disability coverage from my employer but it only covers about 60% of my income.
  4. I am an independent business owner/practitioner and I don’t know whether I have enough coverage for my income and my business if something happens to me.
  5. I have set up a retirement plan, but a disability might force me to dip into those assets thus endangering my quality of life at retirement age.

Some of the carriers we work with include: Aflac, Mutual of Omaha, Principal, Met Life, The Hartford and many more….

We can work with you to find a plan for your company or you as an individual that can fit your budget and your needs.

For more information, please contact us at: rswaim@benefitsmartllc.com or submit a request for quote on our website: www.benefitsmartllc.com.

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