- FINANCIAL PLANNING
- OUR BANK
A serious illness or injury doesn't discriminate against singles and couples ... or those with children or dependent parents. The fact is everyone needs disability insurance. Be careful not to skimp on disability coverage to increase your other insurance coverages.
Disability insurance is the most overlooked form of insurance, yet it protects your most important asset: your ability to earn income.
Did you know that:
So why do most people consider life insurance before insuring their income?
Simply put, as long as they have a job, they take their income for granted. That's a big mistake!
Here are some general rules about disability insurance:
To begin with, you need to know where the money will come from if you can't work; there are several possible sources of disability income that you may be able to take advantage of. You need to recognize that company plans are only part of the solution, and you need to be realistic about your lifestyle in determining how much is enough.
Disability insurance doesn't have to cost an exorbitant amount; you can make choices about the kind of insurance you get that will hold down the costs. You also need to know how to shop for a policy, and whether or not your disability benefits would be taxable.
Securities and Investment Advisory Services are offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Insurance products are offered through LPL Financial or its licensed affiliates. Heartland Planning Associates is a trade name of Heartland Bank. Heartland Bank and Heartland Planning Associates are not a registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured Heartland Bank deposits and are not FDIC insured. These products are not obligations of Heartland Bank and are not endorsed, recommended or guaranteed by Heartland Bank or any other government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. The LPL Financial representatives associated with this website may discuss and/or transact securities business only with residents of the following state: Ohio. Check the background of investment professionals associated with this site on FINRA's BrokerCheck.