Disability Insurance in North Carolina

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For An Individual:

You are covered with automobile insurance should you be involved in an accident. You are covered with homeowner’s or renter’s insurance in the event of a loss at your home. You are covered with life insurance to protect your family’s financial future should something happen to you. You’re good to go correct? One question - what would happen to your family if you lost your income due to an accident or illness? If that question caused you even the least bit of concern, then it is time to look into disability insurance.

Did you know that:

• One in four twenty-year old individuals will become disabled before they retire
• The average monthly benefit paid by Social Security Disability Insurance in 2022 is only $1,358
• 70% of American employees live from paycheck to paycheck without enough savings to offset the financial hardship that a disability may cause

Individual disability insurance addresses the continuation or replacement of your income. If you are injured or become ill, your disability benefits will replace a percentage of your income while you are unable to work. It will help you pay your mortgage or rent, cover your car payment, buy groceries and more.

Individual disability insurance is very similar to your automobile insurance. Automobile insurance is designed to protect your car against damage and could help pay medical bills if you are injured in a car accident. You pay a monthly fee for this safety net and individual disability insurance is no different. For a monthly fee it protects you if you are unable to work due to an accident or illness. It’s protection for your most valuable financial resource – Your Ability To Earn An Income. Your income could be worth millions over your career. How well is it protected?

You may be asking yourself why you need individual disability insurance? It’s because you are human, that’s why. Maybe you’re thinking about the statistics of traffic accidents or if you would trip while jogging and break your leg. The most common reason that people can’t work is due to illness however and not accidents. According to the Social Security Disability Insurance Program 2019 Annual Statistical Report 96.5% of missed work is due to illness and not injury. That includes such causes as cancer and multiple sclerosis.

The following are the leading causes of disability claims:

With our exceptional list of carriers, you are certain to be in good hands. If you’re curious as to how much individual disability coverage you would need to continue to provide for your family and/or what the monthly premium would be, then contact a member of the life and disability insurance team Today!! If you wait until after something happens, then it will be too late.

For A Business:

If you are a business owner, you may want to provide disability income insurance for your employees and yourself to protect your business if you should become disabled. Providing disability income protection can help you in attracting top-level employees and a Business Overhead Expense plan can reimburse you for the cost of keeping the doors to the business open while not having to dip into your savings to do so.

One of the many benefits of partnering with the Craig Insurance Group is having access to our outstanding lineup of insurance carriers. With our carrier relationships, you are in great hands by being covered by one of these top rated companies. We can provide coverage related to a disability for each of the following:

• Individual Disability Income Protection
• Disability Income Retirement Security
• Disability Buy Out Insurance
• Overhead Expense Insurance
• Business Loan Protection
• Key Person Replacement Insurance
• Business Succession

The above list is not all inclusive. If you would like to make sure that you, your business and your employees are covered with income protection then contact a member of the life and disability insurance team TODAY!!