Help guard your income against life’s surprises with disability income (DI) insurance.

There’s no map for the bumps and dips on life’s terrain, but you can choose to be up on your toes instead of back on your heels.

“Expecting the unexpected” doesn’t mean predicting when sickness or injury could stop you from working — it means to help safeguard your income today in the event an obstacle appears down the trail.

Still, some people will risk getting caught flat-footed in part because they simply don’t think they need DI insurance. And at first glance, it’s understandable to see why.

But let’s take a look at several reasons (courtesy of LifeHappens.org) people assume they don’t need DI coverage when they actually do.

Reason #1: “I’m young and healthy. A disability will never happen to me.”
Truth: There is a three in 10 chance of you suffering a disability that keeps you out of work for 90 days or more at some point during your career, according to a Life Happens survey. You just don’t know which side of that statistic you’ll be on.

Reason #2: “I could rely on government benefits.”
Truth: Most long-term disabilities typically are a result of an injury or illness that is not work-related, and therefore wouldn’t qualify for Workers Compensation. And if you’re counting on Social Security disability benefits, those pay an average of $1,100 a month, which would leave you living right around the poverty level.

Reason #3: “I have disability coverage through work.”
Truth: You may, but it’s more than likely you don’t. Most (70 percent) private employers don’t offer long-term disability insurance, according to the U.S. Department of Labor.

The bottom line is this: If you work and rely on your paycheck, you likely need disability insurance.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.

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Posted 3:00 PM

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