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Who Would Pay
Your Bills if
You Become
Disabled
21.6% of
civilians
between the ages
of 53 and 64
presently have a
Work Disability,
according to a
report from the
Census Bureau
written
9/14/2004. Of
those in the
25-34 age group,
6% are affected.
One in twelve
(8.3%) workers
between the ages
of 25-64 has a
SEVERE Work
Disability.
Who would pay
your bills if
YOU became
disabled? Many
employers only
offer sick pay,
which is quickly
used up.
Worker’s
Compensation
only covers
work-related
injuries,
whereas the vast
majority of
disabling
conditions are
not injuries
at all, but
health
conditions that
degenerate to
the point of
being disabling
(e.g. mental
illness, cancer,
arthritis).
Social Security
will not pay
unless the
disability lasts
at least 12
months and
prevents you
from doing “any”
gainful work;
only about 40%
of Social
Security
disability
claims are
approved at the
initial level.
A middle aged
person is 3.5
times more
likely to become
disabled than to
die. Yet
most people stop
at life
insurance when
attempting to
protect their
families. One
fourth of all
bankruptcies and
nearly one half
of all house
foreclosures are
due to
disability. Who
would pay YOUR
bills, if you
became disabled?
We can find
you a reasonably
priced
Disability
Insurance policy
that will help
keep your
family’s
lifestyle intact
if you are ever
disabled.
For about 2% of
your annual
salary, you
could get a
policy that will
pay up to 75% of
your present
annual income
(more than 75%,
if you add a
cost of living
rider) to your
age 65. E.g. If
you make $60,000
per year, a
policy costing
$100/month would
provide
$45,000/year for
as many years as
you are
disabled.
Considering that
the average
long term
disability lasts
over 5 years,
and your high
chances of using
this coverage,
your premium
dollars could
not be more well
spent.
Contact Information:
Written By: Peggy Mace - Life
Insurance Specialist
Outlook Life Phone: 866-866-0242
x.914
Fax: 866-866-5532
http://www.outlooklife.com/peg_mace.html
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