Statistically, most people in our country are UNINSURED for lengthy or disabling injuries and illnesses. Disability Income, "DI" insurance provides protection against this exposure. There are two types of DI insurance, Short Term and Long Term...
Short Term disabilities, would generally cause financial difficulty, but would most likely not be financially devastating. EG: you would be late a few months on your mortgage and other payments, but you would recover in time so that you would not loose your house. Conversely...
Long Term disabilities would most certainly be financially devastating to the point where you could loose your home, other important assets and material things. Our practice concentrates on providing you with Long Term Disability protection.
For the person of average financial means, Long Term DI can be provided to allow you the time you need to recover and, if necessary, retrained to begin earning an income again. During your recovery and retraining, other sources of additional income or recompense might become present like: Social Security or Work Comp Benefits or perhaps a legal settlement. Unfortunately, these alternate sources of disability income or recompense generally take more than a year to materialize, therefore Long Term DI is absolutely necessary to keep your minimum financial needs met during this period of adjustment.
For the professional or business owner of greater financial means, Long Term DI can be orchestrated to replace your substantial lost income through your retirement age, based upon your inability to perform "your own occupation". For professionals and business owners of greater financial means, Long Term DI can be designed to allow you and your family to retain the similar lifestyle that had been enjoyed prior to a disabling injury or illness.
ProActive represents all of the major Disability Income carriers in the country. We can make this important protection available and affordable for you and your family.
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