A disabling injury or illness can derail retirement plans, but a disability income insurance plan can keep you on track.
Most people plan to work until they can reasonably retire; then having saved a nice pension enjoy the fruits of their labors. No one plans to have to retire early because of a disability. In reality, 43 percent of people on long-term disability are injured or become ill without ever reaching retirement age. Most often people are forced into retirement and onto a limited income in the prime of their lives.
It will never happen to you, right? Of course there is always the chance that you won’t be one of the statistics, but what have you got to lose? A disability in your 40s or 50s could put everything you’ve worked for risk and then some. Would you be willing to risk your home, your savings, your retirement income, or even your children’s education?
With a disability income insurance policy you don’t have to risk anything. You can safeguard your most valuable asset, your ability to earn income, in the unfortunate event an accident or serious illness takes you away from work for an extended period of time.
You may think that Social Security Disability is the answer, but is it? I have known people who have tried unsuccessfully to file for Social Security Disability. One woman had fallen, leaving her with a crippling leg injury. She was unable to do the work she had done her whole career. Social Security Disability denied her case, instead requiring her to adapt to another type of job. Social Security Disability also takes several months to pay benefits if it is finally approved.
There are no lengthy filing times, and you cannot be rejected because your disability isn’t severe enough. The policy allows you the flexibility to customize it according to your needs and budget as well.
Call your AC Financial Adviser (800) 564-3136 to make sure you have the disability income policy in place you need to protect your income. We all plan to work up until we can enjoy retirement, and with a disability income insurance policy your retirement income is protected.
