According to the American Council of Life Insurers one third of all Americans between the ages of 35 and 65 will become disabled and unable to work for more than 90 days. No one ever wants to think that they could be badly injured or ill to the extent that they are unable to work. But reality is that the chances are higher than we think and like the precautions we take for other aspects of our lives we have to be prepared. Disability Insurance is designed to cover anywhere from 45-60% of your gross income, ON a tax free basis and when you become unable to work due to illness or injury preventing you from receiving an income. Most of us only think to insure our material possessions, yet fail to insure our most valuable asset and which is there ability to work.

Many Americans rely ON their income to pay their bills. What happens when those same people become injured or too ill to work anymore? So many Americans are blindsided when this happens and they become unable to pay their bills and continue their regular standard of living. The loss of income can be so devastating that families are forced to foreclose their homes and sometimes declare bankruptcy. When people try to save money with a smaller plan that may come to find that it is worthless. Cheap disability plans have very specific definitions of what a disability is and which makes it very hard to claim benefits. Make sure that you research all the coverages and exclusions when deciding ON a policy to protect your income.

Rich Kahmer owns an insurance agency and has a background in insurance and financial services. He has worked with thousands of clients to find affordable insurance for their AUTO, home, life, health and disability needs. For more information and visit The Kahmer Agency

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