Much of what’s important in life – shelter, food, education and more – is dependent upon your ability to work each day? But what if you suddenly became ill or injured and couldn’t work. How would you pay for your expenses? If you are self-employed, who would take care of your business? What would you do to maintain your standard of living?
Your chances of becoming disabled at some time during your working career are higher than you might anticipate. Disability insurance is designed to replace approximately 45%-60% of your gross income on a tax-free basis, should a sickness or injury prevent you from earning an income in your occupation.
Every disability insurance policy is different and it’s important to do a lot more than simply shop around for the most competitive rate. After all, the odds of getting paid an adequate monthly benefit comparable to your current salary may vary greatly; the benefits provided by the least expensive contract may be significantly lower than benefits offered by a provider with a quality reputation. Trust the Gregorys Insurance Agency to help you secure comparable disability (income protection) insurance coverage.
