What is Disability Insurance?

If you or your family depends on your income, you need disability insurance. Unfortunately, many people falsely believe that Social Security Disability benefits will be available. The fact is those are not available if you are expected to be out of work for less than a year, and even still, there are additional criteria to consider. Imagine what rapidly losing your income would do to your savings and its effect on the quality of life for your family and your financial future.

The good news is, Disability Insurance can replace a portion of your income when you can’t work due to illness or injury. It can help you pay for essential expenses, from food and utilities to your mortgages or car payments; it can even pay school tuition.

Many people think they live a low-risk lifestyle and aren’t likely to have an accident. However, most long-term work absences are due to illness such as cancer and heart disease. In 2020 The U.S. The Social Security Administration reported that more than 25% of 20-year-olds will experience a disability that will keep them out of work for a year or more before they retire. The good news is that it’s easier and less expensive to acquire disability insurance when you’re young and healthy. No matter what your situation is, we are here to help. At Gingerich Insurance, we realize there are many ways to ensure you have all the coverage you need without ruining your budget; call us today and let us help you get the coverage you need!