Your most valuable asset is your ability to go to work everyday and earn an income. Who will provide for your family if you are no longer able to work due to a disability or sickness?
According to a recent study - men have a 43% chance of becoming seriously disabled during their working years. Women have a 54% chance. The truth is there is no way to predict who will become disabled during their 40 or so working years. It may be hard to imagine becoming disabled... but it's easy to picture the consequences. Without an income, savings are rapidly depleted as the struggle to maintain the household and pay medical bills escalates. Many begin to suffer real financial need - often with no end in sight as the disability lingers on.
If your Disability Income Insurance doesn't have the following hard-to-find features, you may want to reevaluate your existing policy:
Own Occupation Pays benefits if you are unable to perform the major duties of your own occupation due to sickness or injury... even if you are able to do some other kind of work.
Non-Cancelable and Guaranteed Renewable The policy stays in force as long as you pay the premiums and premiums are guaranteed to stay the same until a specified age
For additional information or pricing, call us at (914) 949-0000
