Disability Insurance Replaces Income

If the COVID-19 pandemic has taught us anything, it's that our income is extremely important! We all need our income to pay bills. Many Americans would tap their savings or investment accounts to pay their bills if they couldn't work. According to the U.S. Social Security Administration, around half of those people would only have enough money to pay bills for six months or less.*

Are you asking your clients what they would do if they lost their income due to an illness or accident? If you are not, you should be! Disability insurance (DI) is often an overlooked part of a sound financial plan. One-third of working adults say that they would consider obtaining income protection if they knew more about it.*

Whether you primarily sell health or life insurance, your clients depend on their income to pay their bills, and that includes premium payments. Help them keep their financial life in balance with disability income insurance. And if helping your clients isn't enough incentive, advisors who offer DI to their existing clients earn 30% more income than advisors who don't.

May is Disability Insurance Awareness Month. Make sure you take advantage of this time to offer this important insurance to your clients and prospects. An income sustains a lifestyle and supports all financial assets, so it makes sense to protect it.

*U.S. Social Security Administration, Basic Facts, June 2016