What’s truly important to you? Most likely, it’s making sure your family is taken care of. One way you can do this is by guarding them against financial hardships. Health, car, and home owners insurance help provide reassurance that your family is safeguarded from some of the risks that life brings.
Unfortunately, many people don’t take measures to protect themselves and their families by insuring the single asset that makes everything possible – their income. Your income pays for both the big things in life – the mortgage, food, utilities – and life’s little things – children’s activities, vacations and cell phones. It’s important to protect your salary with Individual Disability Income (DI) insurance.
Compare the Costs
Many Americans spend as much as $300 a month on the latest technology. Yet, those same individuals haven’t taken the important step of buying Disability Insurance because they perceive it to be “too expensive.” Actually, the opposite is often true. Let’s see how the costs really compare:
Technology – $300
Does your spending reflect your priorities?
Being connected in today’s world is important. But isn’t it also important to have an income if you become too sick or hurt to work and can’t earn a paycheck? Even if you have group Disability Insurance through your employer, you’ll likely only be covered for about 42% of your income (after taxes) up to a set monthly cap. And Individual DI Insurance benefits are not taxable when paid with after-tax dollars.
How much do you spend on technology each month? How long could you depend on those devices if you couldn’t afford the payments because an unexpected illness or injury made it impossible to work? Contact your dedicated CPS DI Specialist today to learn more about how you can talk to your clients about the real cost of not protecting their income.