Disability Income Insurance
Your health allows you to do many things, including earn an income and take care of your household. But what would happen if you got too sick or hurt to work?
Take time now to create a strategy that includes disability income insurance. It can be a blessing by helping to protect your future income.
So now what?
Do your homework
Know what benefits your current disability income insurance provides – whether it's an individual contract or an employer group plan – and decide if they're enough to protect your lifestyle if you couldn't work. If you don't have any coverage, you probably need it.
Begin with the basics
Start building a personalized strategy by considering your waiting period (the amount of time before insurance coverage starts following a disability), the maximum amount you may need to be covered, and the monthly benefit amount you want your contract to pay.
You wouldn't go without health, auto or homeowners insurance. Why wouldn't you protect your income, which makes paying for your home, car and lifestyle possible?
With disability income insurance, you can:
- Help protect your paycheck when you can't work for an extended period of time.
- Own your coverage and take it with you, wherever your job may lead you.
- Gain a sense of comfort – emotionally and physically as well as financially.
"Without disability income insurance, we would have been in dire straits, and we're not high-on-the-hog people. The insurance helped maintain our standard of living."*
* The member's experience may not be the same as other members' and does not indicate future performance or success.
Disability income insurance contracts have exclusions, limitations, reductions of benefits and terms under which the contract may be continued in force or discontinued. For costs and complete details of coverage, contact your Thrivent Financial representative.
This is a solicitation for insurance. A Thrivent Financial representative may contact you.
1 U.S. Social Security Administration, Fact Sheet Feb.7, 2013.
2 Based on an employer-provided group DI plan that covers 60% of income, after income taxes, assuming a 20% tax bracket. Group DI coverages vary.