If You Are Unable to Work, How Long Can You Continue Without Your Income?
Financial Planners recommend everyone have an “Emergency Savings Fund” of 3-6 months of expenses.
Sadly, the vast majority of Americans have less than $1000 in savings.
What is a Disability?
A disability is an event that prevents you from performing the core functions of your job.
1 in 4 people become disabled before retirement.
Common Conditions that Cause Disability:
- Arthritis
- Heart Disease and Stroke
- Cancer
- Mental Health
- Diabetes
- Nervous System Disorders (MS, Parkinson’s Disease, ALS, Epilepsy, Alzheimer’s, etc.)
- Pregnancy
- Accidents
What is Disability Insurance?
- Disability Insurance replaces a portion of your income if you become disabled and are unable to work.
- Short Term Disability – designed to cover a person for a short time – usually less than 1 year.
- Long Term Disability – can cover a person for a period of time (i.e. 5 or 10 years) or to age 65