You’ve worked for it – now protect it!
From mortgage payments to car payments to groceries and beyond, your income pays for the necessities (and splurges!) of life. What if your income stopped?
Individual Disability Income (DI) insurance helps cover you when the unexpected happens. It helps provide the money you need if you become too sick or hurt to work.
What is Disability Income insurance?
DI insurance provides monthly payments when you can’t work due to a disabling illness or injury. It’s insurance for your income; just like auto insurance covers your car and homeowner’s insurance covers your house.
How does DI insurance work?
Just like with your home, auto, and health insurance, you pay a monthly cost for income protection. If you get seriously ill or hurt and can’t work, Disability Income insurance acts as your financial back-up plan. It lets you focus on taking care of yourself, instead of worrying about how you’ll pay the bills.
In addition to covering your everyday living expenses, it also protects your overall financial health by helping you avoid dipping into your savings or retirement assets.
“I’m healthy and active—I don’t need it.”
Of course, none of us want to imagine being so sick or hurt that we can’t work. But it happens. The risk is real. Unexpected accidents and illnesses like cancer, heart conditions and stroke are common causes of disabilities. And they often come with expensive medical bills, which makes maintaining an income even more vital.
“I can’t afford disability insurance.”
Most policies offer coverage that’s flexible and customizable to your specific needs and budget, with the ability to modify as your needs change in the future. In many cases, the cost of your coverage may be as little as a daily cup of premium coffee or a date night out. When you think of it that way, fitting it into your monthly budget feels more doable.
“I already have coverage through my employer.”
This is your group long-term disability (LTD) insurance, which your employer generally offers to all employees. It’s a great start, but it’s not always enough income protection. And typically, when you leave your job, you must leave the group LTD policy behind, too. An individual Disability Income insurance policy is 100% yours. You own the policy, and it stays with you if you change jobs or careers. The individual DI policy will also help supplement any income gaps in your group coverage.
Robert Trotenberg, CLU, CLTC
Bobby began his career in financial services in 1983 and has been affiliated with Lincoln National, State Mutual and The Guardian. In 1992 he established Arbor Associates to offer a range of products from a wide variety of carriers. The company has evolved into Arbor Group and provides insurance services to thousands of clients nationwide.
Bobby has earned advanced degrees from the American College and is a life member of Million Dollar Round Table. He is a board member of the Jewish Community Center and the International Forum. He is a graduate of George Washington University, Washington DC. He and his wife enjoy their dog Rosalita, the Jersey shore and the Philadelphia Eagles.
Isaac "Izzy" Brettler
Izzy develops insurance strategies and recommends solutions for Arbor Group’s personal and corporate clients.
He joined the firm in 1993, bringing over seventeen years of insurance industry experience. He was both sales and training manager with The Guardian Life Insurance Company. Prior to that, he held a similar position with Phoenix Home Life Mutual Insurance Company.
Izzy is a graduate of Rutgers University. He and his wife have two daughters.