Eddie Patel, President
Action Investment Services, Inc.

Disability Income

Money for your Bills

Disability insurance is designed to pay you monetary benefits when an illness or injury prevents you from earning an income. For that reason, we tend to call this an "income replacement policy."

Disability is key aspect of Total Wealth Management

Disability insurance is one of the most important, yet most overlooked aspects to our Total Wealth Management model. Most people consider being disabled or injured a remote possibility. Shown below are some statistics which may have you rethinking your position on that.

Did you know...

• Nearly 33% of all people will suffer a serious disability between the ages of 35 and 65.
• The average disability lasts more than 5 years, but for 30 percent of those disabled, it persists for life.

• 1 out of 4 regularly employed workers in America becomes disabled for a period of at least one year, before reaching age 65
• The White House estimates that over 54 million Americans have disabilities
• In 2005, over 10 million under the age of 65 receive Social Security or SSI disability benefits
• The chances of becoming disabled for more than 3 months are greater than the chance of dying at every age
• At age 30, the chances of disability for more than 3 months are greater than the chances of dying at every age
• At age 30, the chances of disability are approximately 3.5 times greater than death
• At age 40, the chances of disability are about three times greater than death, and at age 50, two times as great

Earning ability is your greatest asset

Your ability to earn weekly income is your greatest monetary asset. Your entire wealth picture changes as your ability to earn income changes. A loss to your income stream can corrupt everything you are trying to build and all of the wealth strategies you have constructed. Asset seizure, family strain, and negative emotional duress all can result from a disability that impacts your wage earning potential.

Speak to us today about how to manage this risk effectively.