Wright USA Can Help Protect Your Income
10 Reasons to Buy Disability Income Protection from Wright USA
Wright USA can help you keep your promises and help protect your income. Our Disability Income Insurance Protection Plan can help ensure your financial goals and dreams stay on track even if you became disabled and can’t work for an extended time.
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What happens when someone like you becomes disabled? Retirement plans, children’s educational plans, etc., often get put on hold. But, mortgage payments, car payments, credit card payments continue.
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FACT: There may currently be significant gaps in any federally provided disability income protection plan. FERS and CSRS do not provide disability income coverage other than the disability retirement provision for more that 40% of salary (if less than 22 years of service). All new federal employees also required to wait 18 full months before any Disability Income benefits can begin. (1)
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FACT: Any federally provided disability and retirement benefit is taxable. The benefits under the Wright USA are not taxable…and you can collect up to 65% of your base salary in monthly benefits (as always, you should consult your tax advisor for more information). (1)
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Qualifying for Social Security Disability Insurance benefits can be much harder than you think. Relying on Social Security, Workers Compensation, and even your own savings are really not sufficient strategies to compensate for income lost due to disability.
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Every second another disability occurs in the U.S. (2)
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Almost one-third of Americans entering the workforce today (3 in 10) will become disabled before they retire.(3)
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62% of all personal bankruptcies filed in the U.S. in 2007 were due to inability to pay for medical expenses. (3)
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The average long-term disability absence lasts 2 1/2 years. (2) And, 1 in 7 of us can be expected to be disabled more than three years. (3)
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Most Americans (71%) employees live from paycheck-to-paycheck, without enough savings to cushion the financial blow of a disability. (3) Contrary to popular belief, Disability Income (DI) protection is not expensive. In fact, Wright USA's DI plan costs $6.25 per month per $10,000 of annual income.
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| 10. |
Want to help safeguard your income if you become disabled? You should buy a Disability Income Insurance Plan from Wright USA that was designed in partnership with The Hartford specifically for you, the Federal Employee. |
Please read the website for more information (including costs, exclusions, limitations, and terms of coverage) on this plan.
Sources:
(1.) Disability Income for Federal Employees, Congressional Research Service; Domestic Social Policy Division, .....March 18, 2008
(2.) National Safety Council Injury Facts, 2009 Ed.
(3.) As viewed 12/18/09 at Council for Disability Awareness website: www.disabilitycanhappen.org.
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