Thursday, April 7, 2011

March Was Disability Awareness Month – What if your Income were to stop?

If you become disabled and do not have disability insurance how would you pay your bills?  Having disability insurance coverage is a cost effective way to protect your current income and lifestyle.  You may think that other plans such as Workers Compensation,  Social Security Disability or Employer-Sponsored Disability Plans will provide you with the income you need if you should become disabled and unable to work.  Keep in mind that Works Compensation claims can only be filed if you are injured on the job and Social Security Disability may provide a modest benefit but may take a long time to be approved.  In addition, your employer-sponsored disability may have a liberal definition of disability making it difficult to be eligible for payments or may not move with you if you change firms. One question you need to ask yourself is “Do I  have the right disability coverage and do I  have enough coverage?”  Call me to talk about the ABE-sponsored Disability Plans and if they are a good fit for you.  Nancy Canning at 800-621-8981 ext. 6420.

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