The Risk of Disability Is Real
Today, one of the most important benefits an employer can offer is disability income protection. Why? Because the lifestyles employees are working hard to build – homes, cars, savings, vacations, retirement plans, and much more – depend on their ability to earn an income.
A disabling illness or injury, and the resulting loss of income, can quickly deplete assets that took them years to build.
Today, employers can provide an opportunity for employees to learn more about protecting their most important asset – their income.
Most People Are Not Prepared
When it comes to disability and its financial impact, most people just haven’t really thought about it. The Council for Disability Awareness studied workers’ perceptions of disability and how prepared they are to deal with a loss of income. Here’s what they found:
Employees often see medical insurance as their protection against the financial impact of an illness or injury, but forget to consider the serious consequences of lost income over the weeks or months of their recovery. They also may have greater out-of-pocket medical expenses during a disability that can create additional financial burden.
Offer Employees A Solution
Voluntary Disability Income at Work offers income protection that will pay employees a monthly income during their recovery from a disabling illness or injury…income they can count on to help pay the bills and protect what’s important to them.
As part of their benefits program, Voluntary Disability Income at Work offers employees preferential underwriting and lower rates than purchasing as an individual. Qualifying for coverage is simple. There are only 5 lives required. Simply complete the 1 page application with only 7 Health Questions. There are no medical exams, and policies are issued within 1 week. Providing access to important coverage like this can win employees’ appreciation and build value to any benefits program with no additional cost to the employer.
Contact your Disability Income Specialist for more information about simplified voluntary Income protection at work. Increase your product offering and increase your bottom line.
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