Disability Income Insurance

From the 19^th addition of the Florida Life, Health, and Variable Annuity Study Manual FAIFA

All to often, what is thought to be a well-planned insurance program- a program consisting of life insurance, annuities, and medical expense coverage - is proven completely inadequate when disability, the one risk not covered materializes. The risk associated with disability is not merely the loss of income; there is also the additional cost of caring for a disabled breadwinner who no longer can earn an income. Because a disability can be permanent, the financial consequences ranks in severity with the death of the wage earner. The sudden loss of income resulting from a disabled accident or illness would, in some cases, lead to serious financial consequences. Fortunately, protection is available.

Disability income insurance is designed to provide an individual with a stated amount of periodic income in the event he or she cannot work due to a disabling illness or accident. Statistics prove that the probability of disability greatly exceeds the probability of death during an individuals working years. The need for protection against the economic death of the wage earner cannot be overemphasized and it is this need that disability income insurance fills.

Disability Insurance is considered very inexpensive for the coverage and assurances it offers.

Consider that you buy Homeowners Insurance on your home in case of fire, flood etc.

Consider that you buy Car Insurance on your Automobile in case of theft or an accident

Consider that you buy Health Insurance to take care of illness or accident

But if the catastrophic occurs, whom is going to replace a paycheck each week,

or pay the unforeseen bills occurring from the disability

Disability insurance is very inexpensive for the coverage it gives especially is you read the statistics on how many are expected to become disabled each year.

Click Here to view our Slideshow Presentation
on Disability Insurance

Next:  Principles of Life, Health and Disability Insurance

Previous Page