Individual Disability Income Protection

What is Individual Disability Insurance?

Individual Disability Insurance is a product designed to replace a portion of your income should you be unable to work due to an accident or illness. After a waiting period, policies typically replace 50-70% of your gross income on a tax free basis. Not all contracts are created equal, so it is very important to work with a knowledgeable disability professional to ensure that the policy provisions are strong and you will have the protection that you need should you become disabled.

Why Disability Insurance?

If you became disabled, how would you:

Pay your utilities?

Cover your rent or your mortgage?

Make a car payment?

Buy food for your family?

Save for your child’s college education?

Contribute toward your retirement savings?

What is the risk of Disability?

Research suggests that most Americans grossly underestimate their chances of becoming disabled before retiring in spite of the Social Security Administration’s estimate that this will happen to 30% of the workforce. Moreover, a Consumer Federation of America survey found that just 40% of working Americans have an emergency savings fund.

Now there’s a new online tool that can help individuals calculate their chance of becoming disabled and take the necessary steps to manage that risk. The nonprofit Council for Disability Awareness has developed a way to measure a Personal Disability Quotient, or PDQ ’s available free-of-charge at www.WhatsMyPDQ.org. The calculator estimates future earnings potential and offers practical tips on how to prevent a disability or at least financially prepare for such an event. Educational resources feature a prevention component that emphasizes better health care, lifestyle and safety, as well as planning resources aimed at helping people budget for lost income, use benefits and secure their financial plans.

Your Next Step

Schedule a needs analysis. We will help understand you goals and personal financial situation and will develop a disability plan designed to meet the needs of you and your family.

Do you currently need additional disability coverage, but are maxed out?

Contact us to learn about our special $1,000,000 financial security plan.

Other Individual Insurance Services

Individual Life Insurance
Long Term Health Care Insurance
Health Insurance
Dental Insurance
Medicare Supplements

Do you have sufficient protection and coverage? Free benefit review to determine your needs to ensure financial security for you and your family. Click here for your benefit review and analysis.

"PMH Associates is a valuable contributor to my business. They worked closely with us as we were forming our new compnay and helped establish a comprehensive employee benefits program. At each renewal they are proactive and thorough in their evaluation of benefit program alternatives."

Larry Barstow -
President,
Headwall Photonics, Inc.
Fitchburg, Massachusetts

PMH Associates, Inc.
20 Oak Hill Road,
Sudbury, MA 01776

tel: 978-440-8470
fax: 978-440-8480
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