Prepare for the Future During Disability Income Awareness Month
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If you are able to earn an income, you can accumulate assets to provide for yourself and your family. But what would happen if you became disabled and can no longer work? Now may be a good time to revisit any disability income policies you have, or that you might need, to protect your family and business in the event of a long-term disability.
Consider the odds:
- Just over one in four 20-year-olds will become disabled before they retire1.
- Nearly 90% of disabilities aren’t work related and don’t qualify for work-comp benefits2.
Your family’s educational expenses, mortgage, personal insurance, and many other expenses may continue to impact you and your family if you are disabled. It’s crucial to protect the income that pays for them.
Plan ahead:
Disability insurance can help ensure that money will continue to be available to help pay your bills if an illness or injury prevents you from performing your job. A disability insurance policy can help offer peace of mind by providing a monthly income if you are unable to work due to an injury or illness.
Contact your local marketing representative to discuss ways that Federated® can help you address the potential impacts of an unexpected disability.
1. Social Security Administration. The Faces and Facts of Disability. https://www.ssa.gov/disabilityfacts/facts.html. Accessed 5/13/24.
2. National Safety Council, Injury Facts, 2008 edition.
