It strikes like a bolt from the blue; unwanted, unexpected, unwelcome. Unfortunately, many of us are totally unprepared for the financial hit that disability can bring. Learn more on how you can protect yourself and provide for your family.
Just over 1 in 4 of today’s 20 year olds will become disabled before they retire. Imagine that you’re suddenly unable to work. Without an income, you quickly exhaust your savings, undermining your family’s financial security. The money you managed to put away for a vacation, the kids’ education, and your own retirement now has to be spent on gas, groceries and other necessities.
Are you prepared if it happens to you? If you’re like most Americans, you don’t have disability insurance or enough emergency savings to last through a disability period. Norvest can help you prepare for disability the same way you plan and prepare for other emergencies.
Disability Insurance protects against the risk of loss of income due to a disability. This coverage provides benefit payments if you become unable to work due to an injury or illness that occurs on or off the job. Workers’ Compensation covers only injuries that occur on the job or illnesses that are job related. Social Security Disability Insurance provides benefits after you have been disabled for five calendar months and only replaces a portion of your lost income.
As a Member or Employee of an existing Norvest Client Group, you can obtain enrollment information or learn more about Disability Insurance by calling 1-888-869-8252.