Life Insurance & Disability Insurance
What are your plans in case you become disabled? How will you pay your bills? How will you take care of your family if you can't work due to becoming disabled? At Financial Colors Wealth Insurance, we help our clients prepare for the unexpected. Any one can become disabled when least expected and it becomes difficult to work and earn income to pay for living expenses. Disability insurance is very important and should not be overlooked when protecting yourself and your family.
Disability insurance, also known as income protection, is very important to have especially if there is a high possibility that the policyholder gets injured while on the job. Statics show that one in four people get disabled during their working career. Disability Insurance is a type of coverage that replaces a portion of your monthly income (60% to 80%) if injury or illness prevents you from working. It provides financial security and peace of mind for the policyholder and their family when or if the policyholder is disabled.
Your most powerful wealth building tool is your income. If you become disabled, know that your every day expenses such as utility bills, mortgage/rent, insurance, car loan, medical and other expenses don't stop even if you can't work. Having disability insurance gives you peace of mind knowing that you can cover your monthly expenses.