Here’s a fact worth considering: You have a 3-in-10 chance of suffering a disability that prevents you from working for three months or more at some point in your lifetime, according to the nonprofit Life Happens. (See here.)
Now – not after it’s too late – is the time to create a backup plan to help maintain your lifestyle if you become disabled. Your ISMA membership makes you eligible to apply for Disability Income Insurance at exclusive group rates.*
Disability Income Insurance can help ensure that a portion of your income continues if you’re suddenly unable to earn your regular paycheck for an extended period due to an injury or sickness. Receiving a monthly check to help cover expenses would be a welcome relief if you were home recuperating and unable to work.
If you don’t have an employer disability insurance plan or if your plan through work replaces only 50 to 60 percent of your current income (typical of employer-sponsored plans), you may need additional disability insurance to help you meet your monthly expenses should disability strike.
For ISMA members, rate quotes are available quickly and easily with no obligation through the ISMA partner insurance agency. For more information, including coverage details, benefit amounts and costs, or to apply, call the plan administrator at 1-877-647-2242. Or, visit the ISMAIA website.
* Policies are issued by American General Life Insurance Company (except NY). American General Life Insurance Company is responsible for the financial obligations of insurance products it issues and is a member of American International Group, Inc. (AIG).