financial tip of the week...

Disability Income Insurance! Hello All: Today, I want to you tell about Disability Income Insurance. I am finding that many people do not have this coverage and it can make all the difference in the world if you become disabled while you are employed or even self-employed. This coverage allows you to continue your income if you become disabled or have a critical illness like a stroke or cancer or have an accident.

FYI- My father (is retired) and just went into the hospital this past October with a blood clot in his lung...he was in the hospital for a week (he is doing great now!).... but can you imagine if he didn't have insurance or if he was working what the effects might be to his income with short or long term illness??? Medical bills, mortgage, car payment, lights, gas etc....??? Your most valuable asset is your ability to earn a living. How would you continue to support yourself or your family if you were disabled for any length of time because of an illness or injury? You may have heard of it simply as short-term or long term disability coverage. If you don't have this coverage as a part of your benefits at work, I would seriously consider obtaining this supplemental coverage. You will be amazed how little this coverage costs per month. I have a client who is in his early 40's paying a little as $25 a month. It is imperative if you are a business owner or self-employed that you obtain this coverage! You don't want to be without it. Here is a summary: Short-term accident only - you can obtain monthly income coverage (max. $5000) for up to 2 years if you are disabled due to an accident. Short-term accident & sickness - you can obtain monthly income coverage (max. $5000) for up to 2 years if you are disabled due to an accident or sickness. Long-term accident & sickness - you can obtain monthly income coverage (max.$10,000) for up to 2, 5 or 10 years or until age 67 if you are disabled due to an accident or long-term sickness(this can include critical or terminal illness). Business Operating Expense - you can obtain monthly income coverage (max. $15000) for a year or 1 1/2 years if you are disabled due to an accident or sickness and you are a business owner. The monthly income you receive will help you with your monthly mortgage,/rent, bills, education expenses, medical bills etc. Think about it! There are more benefits that you can add to these policies by obtaining additional (riders)...I strongly encourage all of you to consider. If you would like to sit down and review your current coverage's, I can provide a no-cost, no obligation financial analysis. Give me a call if you have any questions or email me at my information listed below. Thank you. As always, be safe, use wisdom -

Genya Harley
Financial Consultant
Mutual of Omaha
19255 Everett Lane, Suite C
Mokena, IL 60448
773-251-1865
genya.harley@mutualofomaha.com
gharley2@yahoo.com

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