Disability Insurance
Income Replacement Insurance
Provides income to protect your assets when unemployed due to illness or if an injury strikes. We are ready to discuss disability plans and benefit options. Call for your quote today.
Disability Income Insurance Carriers Include:
• TransAmerica
• Assurity
• The Guardian
• US Life
• The Provident • Unum • Illinois Mutual • The Prinicipal • Boston Mutual
Income Replacement for Business Owners:
Specializing in Insuring your Lifestyle
by Michael Perras
As a client of The Good Neighbor Alliance, you may have already purchased one of the most important coverages available- medical insurance. Health coverage protects against the minor costs associated with the common cold to the serious illnesses such as cancer or heart disease. Whatever your medical need, the premiums are due each month. How would you feel if you could not pay those premiums because of the loss of income due to illness or injury?
One real life scenario: Let’s say you couldn’t work and your policy lapsed. The hospital, the mortgage company, your car lender and all business obligations were due. Which would you pay first?
The fact is we insure our lives, our homes, our cars, our health- but we forget the very core of our lifestyles, our income. We must remember that the greatest asset we have is our ability to work and earn an income.
Just imagine yourself with the following job offers:
1. Employer A would pay you $50,000 per year but if you are sick or hurt, you will receive no further income.
2. Employer B would pay you 2% less ($49,000) per year but if you are sick or hurt, you will receive 65% of your income tax-free until you are 65 or return to work. Which job offer would you choose?
As a business owner, father, husband, mother, or wife, you need to think about income replacement insurance to keep a steady stream of income to pay your obligations.
If you would like more information on the different income replacement plans available, call Mike Perras at 401-886-4050.
