Planning for events 20 or 30 years into the future is a worthwhile and practical endeavor. However, how well prepared are you for the risks that you face today or tomorrow? If you are like most people then you probably are not giving enough thought to the unexpected. Loss of income due to disability or an untimely death can potentially leave a household in financial ruin as well as threaten current assets. Fortunately there are ways to protect yourself from such unforeseen events and Millennium Alliance Group is here to help you prepare for them.
One of the most important and best lines of defense against loss of income is through Life Insurance. Life Insurance can provide you income replacement for many different reasons such as:
- Mortgage protection
- College Funding
- Estate Liquidity
- Retirement Funding
Another key coverage in protecting your cash flow is Disability Income Insurance. When you are healthy and at work it’s hard to imagine being disabled by an illness or injury but it can happen. Disabilities can leave you unable to work for an extended length of time causing you to lose the ability to earn an income while your expenses continue and are even likely to increase. With the possibility of needing home assistance and the chance of high medical bills being more prevalent, the need for Disability Insurance becomes even greater. Disability coverage is designed to help you maintain your current standard of living when you are unable to perform your duties at work. Long Term Disabilities can even wipe out savings and be catastrophic to a family’s financial future if the proper precautions are not taken.
Fast Facts
- One in three working Americans will become disabled for 90 days or more prior to age 65
- The average length of a disability is 2 ½ years.
- More than 80% of Americans do not have any Disability Insurance or are under insured.
Sources such as Social Security do not cover you when you are out of work as often the requirements do not apply or are financially insufficient to support your lifestyle. Please contact us to determine if you are properly covered and evaluate the amount of Disability benefits that you need.
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Life & Disability Insurance Carriers
AMERICAN GENERAL
BANKERS LIFE
BERKSHIRE LIFE & DISABILITY
MASS MUTUAL
NORTHWESTERN MUTUAL
PRUDENTIAL
ING/ReliaStar Life
WILLIAM PENN
