Do your clients understand their group disability benefits? Do they know that benefits are paid as a percentage of regular income, and that depending on their plan, they may only be covered for a couple of years—especially if they’re qualified to do any kind of work at that time?
This easy-to-use calculator can be a great way to start important disability insurance conversations. Your clients can quickly see how much income they’d require in the event of a disability when they include their household income and expenses. They can even include things like planned savings and debt repayment to make sure they stay on-track no matter what. Once they know their income needs, you can review any coverage they have in place and discuss whether they’d be able to meet their financial obligations and goals in the event of a disability and offer insurance solutions that may strengthen their safety net.
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Disability Insurance Needs Calculator