Disability Insurance
Help Protect Everything that Matters with Disability Insurance
Protect your savings and income in the event of an accident or illness, so you are in better position to thoroughly recover--physically, mentally, and financially.
A large part of any successful recovery is having confidence—feeling assured, knowing that your bills will be paid, your family will be cared for, and you won’t have to deplete your savings to stay afloat. Let’s discuss all the different types of disability insurance today so that you can feel confident about tomorrow.
How Unexpected Events can Wreak Havoc
If you fall ill for a period of time, or if an accident leaves you unable to work, you will lose your wages—but that’s not all. There will be copays, deductibles, or even full medical bills if you don’t have an employer-provided health insurance plan.
You’ll have the stress of wondering if your position will be available when it’s time to return, if your credit score will be negatively impacted, and if you’ll have any savings left when it’s all over.
As you can see, it’s not just about losing a paycheck for a period of time. There’s a cascade of events that can result. Let’s talk about how we can help you protect yourself from unexpected circumstances with personal disability insurance.
What About Social Security and Worker’s Comp?
Social Security might have enough funds in its coffers to cover short- and long-term disability claims for another ten years. But then what? And Worker’s Compensation Insurance might be of use if you get hurt at work—but what if you get into a car accident or experience a devastating illness that’s not work-related?
When you purchase personal disability insurance, you are taking your future and your family’s security into your own hands rather than relying on the government, luck, fate…or anything else out of your control.
Are you ready to take control of your financial security? Schedule a no-cost consultation now.
Types of Disability Insurance
Not all disability policies are create equally, and our talented insurance professionals are ready to help you find one that appropriately fits your needs. You may have a policy through your employer, but it might be falling short in how it protects you.
- Short-Term Disability Insurance replaces up to 60% of your annual gross income for up to one year.
- Long-Term Disability Insurance replaces up to 50% of your annual gross income for any time (even up to retirement). The Any-Occupation variety covers you if you are unable to do any job, while Own-Occupation will pay you even if you can perform the duties of another job. The latter is crucial for professional with every specialized occupations – such as individual in the medical profession.
- Mortgage Disability Insurance can help ensure that your mortgage payment will be covered in the event of an accident or illness.
- Supplemental Disability Insurance covers the gap between any disability payouts you receive and your total expenses.
That is just the beginning of what is possible with the wide range of disability insurance policies offered by the team at Murphy Wealth Management.
Whether you are an individual looking for financial security or a specialized medical professional need to protect your anticipated income, we have the appropriate plan for you!