Disability Insurance & Unwelcome Pay Cuts

Problem: I already have disability insurance - why do I need anything else?

You might feel really good about having disability insurance- and that’s great! But many people don't always understand how it works. Disability insurance doesn’t work like car insurance! 🚗

Here’s the deal: Disability insurance is great- IF you have access to it- and IF you can handle taking a 40 - 50% pay cut… in addition to the extra expenses that arise from said short- or long- term disability 😖

How many of us can actually do that? I can think of maybe a handful of people I know- tops- and I ain’t one of ‘em! 😪

And if your boss got a tax deduction for providing your disability insurance- then the money you receive will be taxed! So even less in your pocket. They really know how to kick ya when you're down, huh?! 😠

So, what would you actually do in a situation where your medical bills and all your other bills have increased… and your income has decreased? 🤔

Most people would say one of two things: Well, I’m moving in with the parents (or the kids). or, Guess I’m dipping into those retirement savings.

Okay… except what will you live on in retirement, then? And the last place anyone wants to be in, is asking for help. Despite the hype, GoFundMe’s don’t work all that well! 😖

Solution: CYA- insurance- peace of mind- in one service

We all need to CYA (Cover Your Assets). There are plans out there that can supplement- or replace!- your disability insurance, PLUS your long-term care insurance; and you can get your funds in a lump-sum of cash, tax-free! So you can spend your money on what you and your family need- no one will be examining your bills and deciding for you what is a “covered” expense 🤨

Peace of mind is the best feeling to have 😄

You can replace your disability insurance and long-term care insurance and more- cuz who wants to be insurance-poor? And you’ll have the freedom to use your money as you need… knowing all your assets are protected, and you and your family will have what you need, if things ever go sideways… 😊

And you can get all this- peace of mind, asset protection, and the insurance you need- with only one service. How cool is that?! 😁

Now That’s Smart Money 🧐