Your chances of becoming disabled for an extended period of time are better than you think. Are you financially prepared to be out of work for 3 months, 6 months, a year, maybe longer? If you are prepared, consider yourself fortunate. Most individuals and families are not prepared to deal with the financial strain of a long-term earnings loss. The reality is:
You are four times more likely to become disabled during your working years than you are to die
1 in 7 will be disabled for 5 years or more before retirement
1 in 4 20-year-olds will be disabled for at least 1 year before retirement
Between the ages of 35-65, 5 out of 10 individuals will be disabled for at least 3 months or more
Group disability coverage is income protection designed to replace up to 2/3 of your regular income in the event of a disabling condition. Short Term Disability (STD) is designed to typically pay for up to 6 months, while Long Term Disability can pay all the way up to your retirement age. Group disability coverage is also one the best values in employee benefits with the average annual premium being less than $400 per person. A great value indeed for something that can potentially pay you thousands of dollars each month for years.
Interested in learning more? We’re here to help.
BMA Financial Insurance Services is your trusted partner that can help bring clarity and understanding to whatever your situation may be. Let us help explain your options. Our focus is on educating our churches and pastors to help them make well informed decisions about these very important topics.
BMA Financial Insurance Services is your trusted resource. Let us serve you today!
Mark Bradley
BMA Financial - Insurance Services
501.499.4205
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