Is "I Have it at Work" Enough Disability Insurance to Protect Your Family?
Group LTD is usually a free benefit provided by your company, but it is usually not enough to adequately protect the income of a successful white-collar professional. Unfortunately, too many people find all of the gaps in coverage at the worst possible time. If you are making a six-figure income Group LTD is just not enough, you need to buy your own supplemental disability insurance policy to make sure your income is adequately protected.
Why Do I Need This?
We offer you the ability to review some disability insurance statistics, but there are a few that stand out to most people;
- 1 in 4 workers will become disabled during their working years1
- 1 in 8 workers will experience a long-term disability that lasts longer than 5 years1
- 90% of long-term disabilities are caused by illnesses such as cancer, heart disease, and arthritis1
Group LTD is Usually Nowhere Near What You Expected
If you think you have 60% of your income protected because you have a free LTD policy at work...THINK AGAIN!
There is a maximum monthly benefit these plans will pay, your benefit will be taxed during a claim, and the provisions of the policy itself are nowhere near as good as high-quality disability insurance policies like Provider Choice. Many people who become disabled find out at the worst time that the 60% they were expecting turns out to be 40% or much less if they made a higher income.