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Disability Insurance in Morehead City, NC

At Good Life Financial Advisors of Morehead City, NC, our mission is to help you work toward financial freedom with strategic planning solutions and products like disability insurance.

Proactive guidance is paramount when working toward financial goals that serve your best interest. And while there are many benefits of disability insurance, knowing what disability insurance entails is essential in deciding whether or not it is right for you. Here’s what you need to know.

What Is Disability Insurance?

Disability insurance protects you from financial loss if you suffer a covered injury or illness that prevents you from working. In most instances, a significant percentage of your regular paycheck is covered under a disability insurance policy. Should you sustain an injury that prevents you from fulfilling your employment requirements, this policy can often ease the financial burden of digging into your savings account.

How Can Disability Insurance Benefit Me?

Disability insurance is available in two forms: short-term disability and long-term disability. Short-term disability policies typically replace about 60% to 70% of your income and come with a shorter coverage period of a few months to one year. On the other hand, long-term disability typically replaces 40% to 60% of income with a coverage period that can range from one to ten years.

Am I a Good Candidate for Disability Insurance?

In many cases, long-term disability is a wise investment. Should you become disabled, this coverage can dramatically reduce your risk of financial setbacks. In addition, this type of coverage can often help when it comes to sticking to your retirement goals, supporting your family, and affording everyday necessities.

On the other hand, short-term disability insurance can significantly benefit those who have not yet worked up a sufficient emergency savings fund. Regardless, even with enough savings to cover three months of living expenses, this policy can help you avoid completely depleting those funds.

Schedule Your Complimentary Discovery Call

We hope you enjoyed learning about the benefits of disability insurance. If you believe you are a good candidate or have questions, our team is here to help! At Good Life Financial Advisors of Morehead City, we believe in empowering our clients with education and resources so that they can feel confident about their financial future.

To learn more about disability insurance, contact us today to schedule a complimentary Discovery Call. This meeting is a no-obligation consultation to discuss your current life circumstances, financial situation, and long-term goals. It is also an opportunity for you to learn more about us and determine whether you feel comfortable moving forward with our team of financial professionals.

If you’re ready to discover the Good Life, contact us today to schedule your free consultation. We hope to help you soon!

The opinions voiced here are for general information only and are not intended to provide specific advice or recommendations for any individual.