Life & Disability Planning: Protect Your Income Before Fall Approaches

As the leaves begin to change and fall approaches, it's the perfect time to review your financial safety net. Life and disability planning is essential for anyone who relies on their income to support themselves or their family. Without the right protection, an unexpected illness or injury could threaten your financial stability. Here's why now is the time to act—and how to find the right coverage, including business insurance.

Your ability to earn an income is your most valuable asset. If you were suddenly unable to work due to illness or injury, how would you pay your mortgage, utilities, or childcare? Disability income insurance steps in to replace a portion of your lost wages, helping you maintain your lifestyle and avoid draining your savings or retirement accounts.

• Disability insurance is like insurance for your paycheck. It ensures you can continue to pay bills and meet financial goals even if you can't work.
• About one in four 20-year-olds will become disabled before age 67, making this coverage more important than many realize.

There are two main ways to protect your income:

• Employer-sponsored group disability insurance: Often covers around 60% of your salary but may not include bonuses or retirement contributions. Coverage usually ends if you leave your job.
• Individual disability insurance: Offers supplemental or standalone coverage, especially important for self-employed individuals or those wanting to fill gaps left by group plans.

For business owners, combining personal disability coverage and searching for "business insurance near me" ensures both your personal and professional interests are protected.

While disability insurance protects your income during your working years, life insurance provides financial security for your family if you're no longer there to provide for them. It can help cover:

• Mortgage or rent payments
• Every day living expenses
• Future education costs

Reviewing your life insurance needs before fall ensures your family is protected heading into the new season.

• Assess your current coverage: Review both your life and disability insurance policies to ensure they meet your needs.
• Consider supplemental policies: If you have group coverage, an individual policy can provide additional protection and flexibility.
• Consult a local expert: Searching for "business insurance near me" connects you with professionals who understand your unique needs and can tailor coverage accordingly.

At D.M. Johnson Insurance Agency, we specialize in helping individuals and businesses secure their financial future. Whether you need to update your disability policy, review your life insurance, or explore comprehensive business insurance options, our team is here to guide you every step of the way.

Don't wait until fall is in full swing—protect your income and your peace of mind today. Contact D.M. Johnson Insurance Agency to discuss your life and disability planning needs and discover the best options for business insurance near you.