Disability Insurance
• Here is probably the single most overlooked and neglected area in all of financial planning by both families and companies.
• The catastrophic consequences of disability to a primary wage earner is usually irreversible, and carries devastating results to all involved.
• The biggest problem is that although all the other components of a financial plan have been expertly put into place, including retirement savings plans, college savings plans, life insurance, hospitalization insurance, homeowners and automobile insurance, they will all be lost along with the assets they are striving to protect and preserve should an unprotected disability occur. Once the source of all the "water" dries up, so goes all it's fruits.
• There is a saying, and you should remember it well before you attempt to establish a relationship with any "financial planner".
It poses the question:
Q: If you owned a goose that laid golden eggs, which would you insure first, the goose, or the eggs?
A: Individual disability insurance is truly a basic concept. It is an insurance product designed to replace anywhere from 45-60% of your gross income on a tax-free basis should a sickness or illness prevent you from earning an income in your occupation. Every disability insurance policy from every insurance company is very different, this is not a product to simply shop for the most competitive rate. To buy the cheapest disability insurance policy on the market is to throw money away. The odds of getting paid a monthly benefit under a cheap contract may be significantly lower than receiving benefits from a quality contract. The goal of this site is to provide you with a resource to make an educated decision on your own. I will provide you with information regarding the major features of a disability insurance policy so that you may better understand how to read a disability insurance policy. I will also provide you with links to some third party articles, and links to the best disability insurance sites I have found on the internet to obtain quotes.
"Insurance... Planning For Your Future Today!"
Interested in more information?
DRISCOLL INSURANCE AND FINANCIAL SERVICES, INC.
Jack E. Driscoll, CFP, CFS, LUTCF, ChFC
2738 South Park Road Bethel Park, PA 15102
Phone #: (412)833-1500
Phone #: (1-800)833-1910
