“If you rely on your paycheck, it’s smart to protect it with disability insurance…”

Long-term disability insurance is something that most people don’t consider when preparing for financial security and choosing coverage. The truth is, financial freedom all begins with proper financial planning, preparations and preventative coverage, which offers job security in the case of the unthinkable occurring.

Long-term disability insurance not only insures our paychecks and ourselves, it also helps us to protect our family and loved ones…

This specific type of insurance, serves as a policy that protects employees from loss of income, if for example, an individual is suffering from an ongoing illness, accident, or injury, leaving them unable to work as per usual. Long-term disability coverage is especially important to ensure financial security, as research shows that most employees with an ongoing illness or a long-term disability, can miss up to two to three working years, causing a major impact on their income and financial security for themselves and their loved ones.  

So, hypothetically, if you had an accident or injury and as a result, found yourself unable to work, would you be able to support yourself with the resources you have right now to cover all expenses for up to months, or even two or more years? Would this impact your family and your financial goals?

There are individuals and families that have to ask themselves this difficult question when it is already too late. Not having the proper coverage has unfortunately left a great amount of Americans feeling emotionally distraught and financially devastated. However, those who have prepared in advance and secured the right coverage, if the unforeseeable occurs, long-term disability insurance will help people to get through a difficult time without having any financial concerns.

So, how does this type of insurance work in your benefit? Long-term disability insurance will provide a monthly income if an insured is left without the possibility of working due to a disability. Before receiving this security, an individual must choose a time period they would like to receive their benefits. For example, one must choose the amount of years of benefits or up until a certain age that they would receive this form of security. Payment amounts will vary depending on an individual’s occupation and monthly income, but most companies offer you the ability to customize a plan that will meet desired needs.

Hiring a financial planner to support you through your journey of obtaining long-term disability insurance will help you to choose and customize the right plan for you…

ERPS Group is a one-of-a-kind financial firm located in Metro New York City that offers a differentiated approach to helping people to achieve enduring financial results and support in choosing the perfect life insurance plan. They offer effective strategies that help to bridge the gap between financial freedom and personal or business goals.

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