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Protecting Your
Most Valuable Asset

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Short Term
Disability

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Long Term
Disability

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"I Must Have Some
Coverage At Work…"

PROTECTING YOUR MOST VALUABLE ASSET

What is your most valuable asset? Is it your home? Your car? Some old antiques you inherited now in storage? The fact is, nothing you own is more valuable than your ability to earn a living! Think about it for a second. It is your income that enables you to buy the home, the car, and provides you with life's basic essentials and even luxuries. Disability Income insurance plans protect you and your family's most valuable asset — your income. These plans enable both your and your family to maintain your current lifestyle should you become too sick or injured to work. and preserve your dignity and mental well being.

Let's face it, no one wants to think about never being able to work again but this is something that shouldn't be ignored. According to government statistics it's 6x more likely that you will become temporarily or permanently disabled before age 65 than it is that you will die.

SHORT TERM DISABILITY

In New York, New Jersey, Hawaii, and Rhode Island, state law requires employers to provide temporary disability benefits for up to 26 weeks. After this period your coverage may be over. Unless you have long term disability coverage through a private policy, your employer, or a combination of the two the maximum that you can receive in NJ under this coverage is the lesser of 2/3 your income or $459.00 per week for 26 weeks. Remember this amount is also subject to state and federal income taxation.

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LONG TERM DISABILITY
	Most people are unaware what their situation would be if they were disabled. The fact is most people have never looked or asked what their company's disability policy entails. They simply put too much trust in their employer or the state and hope nothing happens to them.

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"I MUST HAVE SOME COVERAGE AT WORK…

You might assume that your employer will cover you for any long term disability. Don't make this assumption! While many employers do provide varying amounts of long term disability coverage it is important to know exactly how much you have and for how long will the benefit period last. Knowing this amount will help us determine how much private disability coverage you will need to supplement what is already in place.

A couple of things to remember about employer sponsored disability plans (if you have one) is that benefits are completely taxed (both for federal and state). Privately owned Disability plans are not taxed. Also, even if you do have a long term disability plan through your employer the chance of it paying over 60% of your salary is very slim.

Example

	So, let's say you make $50,000 per year and are in the 30% tax bracket with a 60% disability plan through your employer. This means that after taxes you take home $2,917.00 per month for your family. If you are disabled in this scenario you would now be bringing home only $1,800.00 per month after taxes! ($50,000 x 60% — 28% new tax bracket / 12months ) As you can see, there is a great need for coverage even for a "well covered" employee. And even a greater need for a self employed person or a person with little or no coverage through their employer.


	Ok I've read enough. I'm ready to request a Disability Income Insurance Quote! Don't hesitate to call us toll-free at 1.877.743.4240 or e-Mail us if you have any questions.
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