Disability Insurance

If you become too sick or hurt to work you won't be able to keep earning the paycheck you depend on. Don't let an accident set you back years. Play it safe and contact us today.

What is Disability Insurance?

Statistics say, that one in four people will become disabled for an extended period. Many people believe disabilities are caused by injury, but the most common cause of disability is illness. If you become too sick or hurt to work you won't be able to keep earning the paycheck you used to get, and that creates what's called an Income Gap.

The Gap

It's the difference between the money you're getting now and the money you were earning and using before you became disabled. This gap can place your prior lifestyle financially out of reach. That's why many employers offer group long-term disability coverage to protect you in the event of disability, the trouble is the group coverage you get from work still leaves you covering only about half of your original income. Now you might be tempted to use your savings but many people's savings may only last for a few months before running out, it's best to keep saving. LYFE Advisors can assist with individual disability income insurance. Disability Insurance can pay you a monthly benefit while you're disabled, protecting part of your salary as well as any bonuses or commissions. Disability Insurance will help reduce the income gap, that way you and your family can pay bills and meet your expenses while you can't work. 

There's more to learn about individual disability income Insurance. For more information contact a financial professional today at LYFE Advisors Insurance.
 

Are you prepared financially for retirement, preserving your legacy, or a medical emergency?