Long Term Disability Insurance
Long Term Disability Insurance Quote Forms
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Long Term Disability Insurance
Most people typically think of insurance coverage for their health, life, car, or home, however, we forget that what allows us to afford these items is our employment income. Without earning income potential it would quickly become impossible to maintain your home and provide for your family. Long Term Disability Insurance serves as income protection insurance and is an essential element in an individual's insurance portfolio. Long Term Disability Insurance is designed to replace anywhere from 45%-65% of your gross income on a tax-free basis should an illness or injury prevent you from earning an income.
How great is the threat of disability? Statistics show that chances of being disabled are high...much higher than one might expect, even higher than the chances of dying during your prime income earning years.
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Probability of Being Disabled For 90 days or More Before Age 65
(Chances Out of 1000 Individuals)
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Males
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Females
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Age
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%Disabled
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Age
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%Disabled
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30
35
40
45
50
55
60
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33.1%
31.3%
29.1%
26.3%
22.6%
17.6%
10.6%
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30
35
40
45
50
55
60
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56.6%
51.7%
45.2%
37.5%
29.3%
21.0%
11.9%
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| |
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| Source: 1985 Commissioner's Individual Table A |
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Probability Disability vs. Death
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Age
27
37
42
47
52
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Ratio
2.70 to 1
3.30 to 1
3.50 to 1
2.80 to 1
2.20 to 1
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| .. |
| Source: 1985 Commissioner's Individual Table A |
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Walden Associates Insurance Services represents a significant number of AM Best "A" rated and higher long term disability carriers. Long Term Disability Insurance is flexible and we are able to custom tailor a policy to fit your needs.
Here are some of the carriers we represent -
