How will your family be supported if you are the victim of an accident or develop an illness that causes you to lose your ability to earn an income? If you have a family to support and bills you are responsible to pay, you will need a way to replace your income in order to maintain your current standard of living.
Imagine for a moment what your life would be like for you and your family without your income…not for a week or a month, but perhaps years. More than one in five workers will be disabled for five or more years during their working careers¹. The right Disability Insurance can be an important strategy in protecting your income.
When determining your disability insurance needs, our advisors at Landis Financial Advisors, Inc., will begin by first looking at your current income, existing assets and living expenses. Then we develop a plan to protect your income in the event of partial or total disability. Our experienced advisors will review and advise if you should consider coverage options such as:
o Cost of living riders
o Waiting periods
o Partial vs. total disability
o Provisions to cover your own occupation
o Future purchase riders for purchasing additional coverage without medical underwriting
o Other policy features of interest to you
After we fully assess your financial status and determine which benefits and policy provisions are important to you, we can help you select a disability insurance plan that will protect your income.
¹Commissions Disability Income Tables A and C, assuming equal weights by gender and occupation class.