top of page

    Employer/Employee Benefits

    Disability Insurance

    Your Lifestyle

    ​

    When you’re healthy and working, it’s hard to imagine being disabled by illness or injury. But it can happen. In fact:

    ​

    • One in 3 working Americans will become disabled for 90 days or more before age 65.

    • The average disability absence is 2 and a half years.

    • More than 80% of working Americans don’t have disability income insurance or aren’t covered adequately.

    • An individual’s chances of disability are 2 to 3 times greater than death during their working years.

    What would happen if your paychecks suddenly stopped because you were too sick or injured to work? What if you couldn’t work for months, or even years?

     

    You’d still have to pay all your monthly bills, including food, utilities, house and car payments. Add in things like tuition and retirement funding, and it’s easy to see how savings could quickly disappear.

     

    Unfortunately, you can’t rely on other income sources like social security, personal savings, group long-term and short-term disability insurance to fully protect you. In many cases, they don’t apply — or aren’t enough. For more information on other income sources, see below.

     

    Think you’re already protected?

     

    Plan ahead to help protect your lifestyle. Then relax.

    ​

    Next Horizon can help you find a flexible Disability Income Insurance policy that:

    • Provides monthly income to help maintain your standard of living

    • Can be customized to fit your particular situation

    • Helps you retain independence and dignity without burdening others

    • Helps keep your financial dreams and goals for the future intact.

     

    Think about this:

    • Social Security disability payments are limited to disabilities expected to last at least 12 months or end in death. To qualify, you must be unable to engage in any type of work.

    • Personal Savings can best be used to build a comfortable future. Add up your monthly bills, then multiply by 12 and you can see how fast even substantial savings can be depleted by unexpected illness or injury.

    • Short-Term and Long-Term Disability Insurance offered through your employer is a start. But workplace disability benefits often times cover only about 50% of your income. Can your family survive on half of a paycheck?

     

    Here are the other reasons why Group Short-Term and Long-Term Disability insurances may not be enough:

    • Coverage usually covers only a portion of an employee’s compensation

    • Benefits are generally taxable if the employer pays the premiums

    • Many plans don’t cover bonus or incentive compensation

    • There is often a maximum monthly cap and, as a result, an employee’s monthly after-tax income during a disability may drop by 50% or more!

    bottom of page