Disability insurance is also known as paycheck protection or income protection. These products provide replacement income when paycheck is unable to come in due to illness or injury. The day in which a single breadwinner makes the money a house lives on is no longer the case. Most households count on two people bringing home the bacon.

1. What if you lost a paycheck?
2. How long can your family pay you the bills and live without paycheck?
More now than ever before disability insurance is important. Most people are one paycheck away from financial disaster. This disaster is not short lived and if cause by an illness or injury; well that is a lot of stress.

#5 Reason:
Maintain Your Lifestyle
When a disabled person’s average living expenses totals more than $5,000 per month, emergency savings accounts don’t last long. And, bills keep piling up. Your income decreases and your expenses increase when you suffer a debilitating illness or injury. When life throws you a curveball, the last thing you want to think about is downsizing or cutting back. However, with a solid income protection policy in place, you will be able to think about getting better and not where is the money coming from to pay normal bills.

#4 Reason:
Ensure Your Future
The first contribution you stop making when you become disabled is to your 401K, IRA, savings and other retirement plans. If that happens, forget about a comfortable retirement. Without that retirement money, you and your loved ones will continue to struggle for years to make ends meet. The sad fact is that you will not only stop putting money into these accounts, but also take money out of them when your family is not protected. You don’t need to sacrifice your retirement dreams. With disability income insurance, paycheck protection is affordable and achievable.

#3 Reason:
Secure Your Children’s Success
If you can’t make meet your monthly expenses and pay your medical bills, how are you going to save for your children’s future? In the wake of disability, saving for college often falls to the wayside. If there is no safety net in place, your only concern will be financial survival every day, not saving for the future. You can keep your children on the debt-free college-track with a solid disability insurance policy.

#2 Reason:
Safeguard Your Spouse
If you are the breadwinner of your family, you need to protect your paycheck. If you suffer a disability and can no longer work, your partner will likely need to work longer and harder to replace your income and cover medical bills, and not be able to take the time for your family or yourself. However, if you have disability income insurance, you can keep food on the table, lights on, roof over your heads and prevent your partner from having to work multiple jobs
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#1 Reason:
Preserve Your Confidence
Getting injured is stressful. Not working is stressful. Mounting piles of bills are stressful. When you are injured, extreme stress can lead to slower recovery times and cause depression. If you are already suffering physical distress, you don’t need the mental anguish the lack of income causes. You can avoid that pain and instill a sense of confidence with a solid income protection policy. With stress out of the picture, you’ll be back to work in no time!

At Family Financial Solutions Groups, inc. we believe people should be covered, but not throw their money away.
Ask us to quote your Disability Insurance or even review what you have.