“I thought if I became disabled, Social Security Disability would help me. Why do I need separate Disability Income Insurance?”
First, the guidelines for Social Security Disability are pretty strict. You must be unable to do the work you previously did, as well as be unable to adapt to another job in order to qualify. Oftentimes you have to hire an attorney and the process is difficult. In the time it takes to receive any benefits, your financial situation could be in turmoil. You could even be near bankruptcy.
When you have a Disability Income Protection policy, you have options, and the best option is that you don’t have to try and find another job to make up for the lost income. Disability Income Protection allows you the peace of mind to recover from the injury or illness that left you unable to work.
It isn’t just the breadwinner in the family who needs Disability Income Protection either. As a work-from-home mom, what would have happened had I been unable to take care of my children because of chronic illness or a debilitating injury? I can only imagine having to hire someone to come in and do for my family all the things I loved doing; packing lunches, cooking meals, laundry, housework, gardening. And, helping the kids with homework. Where would our family have been? Where would your family be?
Heart disease, cancer, diabetes and stroke are the leading causes of disability in the U.S. today, not to mention disability due to accidents. With Disability Income Insurance, you don’t have to hire an attorney to file for SSI, and wait months to be denied. You also don’t have to worry about losing your home or anything else you’ve worked so hard for. A Disability Income Protection policy, based on a percentage of your income, will make sure that should anything happen, you continue to receive the funds you need.
Contact an AC Financial Adviser at 800-564-3136 to discuss how much Disability Income coverage you need.
