Group Disability Insurance
We represent every leading disability insurance carrier in the state, giving you buying power to choose from multiple coverage options. We leverage our carrier relationships to give you competitive terms and pricing, and we provide you with a market analysis illustrating the information you need to make an informed carrier selection.
Your most important asset is not your home, your car, your jewelry or other possessions. It’s your ability to earn a living.
Think about it: All of your plans for the future, from buying a home to putting your kids through college to building a retirement nest egg, are based on the assumption you will continue to earn a paycheck until you retire. But what would happen if those paychecks stopped? That’s where disability insurance comes in. It provides an income to you and your family if you are unable to work because of illness or injury.
Your income is typically your largest asset. Think about how much you earn in a year and what that would be over a lifetime. The financial consequences of a lengthy disability could literally cost you millions. A 25-year-old worker who makes $50,000 a year and suffers a permanent disability could lose $3.8 million in future earnings. You don’t hesitate to insure your home, car and other valuable possessions, so why wouldn’t you insure something that is much more valuable than all those things?
If you’re still not convinced that your income is worth insuring, think about how long you’d last without your paycheck before it would be difficult to pay for everyday expenses.
According to a LIFE foundation study:
- 70 percent of working Americans couldn’t make it one month before financial difficulties would set in.
- More than one in four Americans wouldn’t make it a week.
In the event of a disabling illness or injury, and the odds are much greater than you might realize, disability insurance provides you and your family with a source of replacement income to help make ends meet until you’re able to return to work.
You, disabled? What are your chances?
Higher than you probably think. You can ignore the problem, but it's hard to ignore the facts:
- Just over 1 in 4 of today's 20 year-olds will become disabled before they retire.
- Freak accidents are NOT usually the culprit. Back injuries, cancer, heart disease and other illnesses cause the majority of long-term absences.
Are you prepared if it happens to you? Probably not. If you're like most Americans, you don't have disability insurance. Or enough emergency savings to last 31.2 months. Yes, that’s the duration of the average long-term disability claim.
If you become disabled, will you be ready? Or will you and your loved ones face serious financial hardship, possibly foreclosure and even bankruptcy? Good news. William Gammon Insurance can help you prepare for disability the same way you plan for other emergencies.