Any good financial plan includes risk management: protecting your income, protecting your assets, and protecting your family if someone passes away prematurely. When you don’t plan for these events, you can be left pulling money from your retirement vehicles (e.g. 401k), which does not allow your retirement assets to continue growing.
Most people think of disability insurance as helping you if you become wheel-chair bound or other severe disability. And it does protect you in those situations. However, there are other shorter term situations where it protects your income, such as an accident that keeps you from being able to work for six months.
Twenty-five percent of people experience some type of disability during their working years. If you had a 1-in-4 chance of suffering a significant loss on any another asset, such as your home or vehicle, you would probably take steps to protect it. And, disability insurance can cost less per month than home or auto insurance.
814 Morena Blvd #310
San Diego, CA 92110
Phone: (619) 692-3630
NMLS ID # 908271
Community Mortgage, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines