Even if you have a company sponsored disability plan, you may not have enough income to meet your family’s needs in the long term. You want 65% of your income covered so that in the event that you’re not able to work for more than 90 days, you will still be able to provide for the basics, such as food, shelter, transportation, and clothing. Disability Insurance is peace of mind is this situation. Calculate your Disability needs here.
Ask yourself these questions
- What does your income protection plan look like?
- If you were out of work, long could you pay bills before your money ran out?
- Where is the money going to come from to support meet your family’s needs?
Some Common Problems
Most group plans will pay 60% of their earnings and are fully taxable to maximum benefit. After taxes, that monthly benefit plummets to around 43% of their earnings – a substantial pay cut, and many aren’t able to sustain their standard of living at only 43%. The opportunity is to have them buy a small personal policy to bring their income up to 65 to 70%.
We are here to let you know that we have an affordable plan that would protect your income if you got sick or hurt. Because the costs are pooled with a group of employees, premiums are often lower, making them more affordable for employees and their families. As Denver’s leading independent insurance agency, we offer health insurance coverage from over a hundred providers. We offer HMO’s and PPO’s, and can help you determine the individual needs of your business.