Three Reasons to Protect Your Income
Long Term Disability
Your income is the foundation of a solid financial plan. What would you and your family do without your paycheck?
Most of us don’t think about how we will pay the bills if we were to become disabled and unable to work. But for most of us, our incomes make our lifestyles possible. How long could you cover your expenses without a paycheck? Long Term Disability insurance (LTD)—also called Income Protection—can help.
Discounted Income Protection Plans
Our individual plans provide coverage in the event you’re too sick or injured to work or to care for your family. Own and keep your policy, even if you change jobs.
Think it can’t happen to you?
Here are three reasons to protect your income:
- One in four of today’s 20-year-olds will become disabled during their careers. Of those just starting out, 25% can expect to be out of work for at least a year due to a disabling condition before they reach retirement.2 Contrary to popular belief, most disabilities are not the result of tragic accidents. The most common reasons for long term disability are arthritis, back pain, cancer, and injuries (such as fractures, sprains, and strains).
- Many Americans are financially unprepared for a period of disability. A recent national survey revealed nearly 77% of Americans would struggle financially if their pay were delayed for just one week.3 The most recent Annual Emergency Savings Report revealed 30% of Americans would be able to cover less than three months of expenses with their current savings, and close to 25% of Americans have no emergency savings at all.4 If you do have an emergency fund, is it enough to cover utilities, rent or mortgage payments, childcare or student loan payments? How long would your emergency fund last?
- Young professionals are at risk. Young professionals often disregard disability insurance because of their age and health. However, a disability can happen to anyone, at any age. The cost of a disability insurance policy is far less than the potential financial impact of a disabling illness or injury without a financial safety net. LTD plans tailored to young professionals make coverage quite affordable, especially for those in graduate programs, such as medical students, and those in residency or fellowships. Special plans are also available for medical, dental, and business professionals, attorneys, and business owners. Some LTD plans offer riders that reimburse for student loan payments. This can be particularly valuable for young people who may have significant student loan debt.
How many paychecks could you miss? Check out our Alum LTD program with a 16% discount exclusively for our alumni and their immediate family members, or click here to make an appointment with an Advisor.
1Paycheck to paycheck: Slowing but growing. Bank of America Institute. November 11, 2025.
2Disability Statistics. Council for Disability Income Awareness. thecdia.org/disability-statistics/. Accessed December 30, 2025.
3Survey Reveals Ongoing Financial Strain as Majority of Americans Depend on Timely Paychecks. Payroll.org. info.payroll.org/pdfs/npw/2025-Getting-Paid-In-America-Survey-Results-Report.pdf, September 17, 2025.
4Bankrate’s 2025 Annual Emergency Savings Report. Bankrate. www.bankrate.com/banking/savings/emergency-savings-report, November 19, 2025.
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