Many people believe it to be their home, car, or other valuable possession. Truth is, your most important asset is your ability to earn a living. It is what pays for all of your other assets, along with your plans for an enjoyable retirement and putting your kids through college. Think about it: Everything you do now and in the future is based on the assumption you will continue to earn a paycheck until you retire. But what would happen if those paychecks stopped? That’s where San Diego Disability Insurance comes in. It provides an income to you and your family if you are unable to work because of illness or injury.
Your home may be your biggest asset, but your ability to work and earn an income is your most valuable asset.
¹ Forbes.com/average-car-price 5/10/12 ² Average Home Price in SD: www.realestatelibrary.com ³ Projected cumulative inc: 35 year old earning $80K/yr assuming 4% increase to 65.
You don’t hesitate to insure your home, car and diamonds, so why wouldn’t you insure something that is much more valuable than all those possessions?
In simple terms, if you have a job, you probably need Disability Insurance. The loss of a job and income would be catastrophic for most people. A disabling illness or injury may seem like a long-shot, but statistics paint a different picture. During their working years, nearly one in three women can expect to suffer a disability that keeps them out of work for 90 days or longer. For men, the odds are about one in four. And one worker in seven can expect to be disabled for five or more years before retirement. Times have changed and advances in medicine are helping us live longer, but what used to cause death, now causes disability.
“In the U.S., a disabling injury occurs every second, a fatal injury occurs every four minutes.”
– National Safety Council, Injury Facts®, 2012 Edition.
The causes of disability may surprise you….Fewer than 1 in 10 disabilities are caused by injuries. Here is a breakdown (by percentage of claims) of some reasons why an individual may become disabled:
Our friends at the Council for Disability Awareness have a great tool to help determine how much Disability Insurance you need in San Diego. Click here to access the Personal Disability Quotient Calculator. Enter a few basic details and this helpful calculator will tell you your chances of becoming disabled, what the financial impact of your disability could be and it will provide useful information on how to minimize the financial impact a disability could have on your lifetime income.
If you have any questions about San Diego disability insurance or how to best protect your most valuable asset, please don’t hesitate call us 888-905-033 or compare disability insurance rates from the leading companies today.