Risk Management

Disability

Your ability to earn a living is one of your greatest assets. Your income gives you the security and freedom to plan for the future. It helps pay for your home and car, puts food on your table, and covers college tuition, and the other financial goals that are a part of your families hopes and dreams.

What would happen if you suddenly became sick or injured and couldn't work? How would you maintain your lifestyle if your ability to work and earn an income was lost for a year? 10 years? Or even longer?

No one can predict the future or avoid the risk of a disability. Having a Group Long-Term Disability Plan through your employer is a great start... but it may not be enough. Workplace disability benefits usually cover just a portion of your income - potentially leaving you underinsured in the event of a disability.

As a part of the financial planning process an HFS advisor can determine the effects of a disability on your financial health and your ability to reach your goals in the event you are unable to work due to an illness or injury. This is the first step in determining if a personal disability policy should be part of your financial plan.