Disability income insurance may be one of the most critical components of your financial plane and yet also one of the most overlooked. We all take the time to research and insure our homes, our cars and our health, but what about our ability to earn an income? We all know how life likes to throw curveballs away. An unexpected illness or injury can occur at any time. It’s vital to protect your financial security from losing your income should an unexpected event happen. The Overstreet Agency understands the importance of ensuring that no matter what happens in your life, you will be able to provide for yourself and your loved ones. One of the best ways to ensure this is to invest in disability insurance.

Insurance Agency for Disability Income Insurance Near Me

When you have spent your life steadily building your career and saving for a healthy financial future, you’ve done your due diligence. But your financial planning doesn’t stop there. If an accident or illness unexpectedly takes you away from the ability to work, you need to have a plan to pay your mortgage, cover our daily living expenses, and continue to contribute to your retirement. One incredibly effective way to do this is to secure disability income insurance. How does this amazing insurance product work?

Income replacement: the main aspect of a disability income insurance plan is to replace a significant portion of your income if you are unable to work. A portion of your income will be replaced by your insurance if your disability is a covered event. This will allow you to maintain your lifestyle, as well as paying your regular monthly bills.

Savings and investments: a sudden disruption in your ability to work may result in you using up your hard earned savings, emergency fund, or even your retirement. With disability insurance, you will be able to retain your savings and refrain from dipping into important retirement accounts by providing the financial stability you require during your disability.

Maintain financial stability: having disability insurance enables you to have an invaluable piece of mind and allows you to focus on recovery. If you’ve lost your job, you will be able to put your time and effort into finding new employment rather than stressing about how you are going to pay your bills. similarly. Your financial stability will remain by protecting your investments, assets, savings, and other financial sources that you will need to rely on for your lifetime.

Protect your financial standing: another benefit that comes with having disability income insurance is that you will not risk crashing your credit, for closing, or other financial disasters. Instead, you will be able to continue to pay your bills on time, allowing you to continue your good standing with banks, insurance, agencies, creditors, as well as retaining your strong credit score. 

Customized Disability Income Insurance Coverage Jackson, Ms

You may believe that you will be able to rely on workers compensation if you become ill or injured at work. However, the truth is that the majority of disabilities actually occur outside of work, which means you will not have the financial support that you can rely on. Disability income insurance in Jackson, MS provides comprehensive coverage for both work related and non-work related incidences. The Overstreet Agency offers disability income insurance policies that are tailored to your long-term and short-term goals. We understand that every situation is unique and we have created a very dynamic insurance coverage with that in mind.  You can choose the period of time during which you need coverage – whether short-term or long-term – different waiting periods, benefit amounts that match your pre-disability income, and even cost-of-living adjustments or partial income loss coverage. Whatever your specific needs are when considering income disability insurance, the Overstreet Agency will meet you there.

This information is for informational purposes only. It is not intended as tax or other legal advice. For application of this information to your specific situation, you should consult an attorney.