Extra! Extra! Read all about it! We are now offering discounted individual disability insurance to employees of select employers.
If you are a high income earner with outsized paychecks, you're probably well on your way to financial freedom and independence. Eventually, you'll have saved up enough assets to financially withstand catastrophic events, like dying too soon or becoming too sick or injured to work.
But until then, what would happen if you do actually become too sick or injured to work? What if you permanently lose your ability to earn income? Come to think of it, everything you're planning on doing – saving for retirement, that dream vacation, early retirement, starting a business, etc. – is largely predicated on one thing. And that one thing is your ability to earn income.
As your income goes, so goes your plan. So, yeah, you're toast if you lose that ability.
That's where disability insurance comes in. It replaces your income if you become too sick or injured to work. You can seek disability coverage through your employer, but a group coverage is often capped at an amount far below your outsized compensation to make it meaningful. Plus, these benefits are usually taxable.
So, for example, if you're making $500,000 a year, a $5,000 monthly taxable benefit your employer provides just isn't going to cut it. You need much more robust (and nontaxable) coverage to protect your income (and your family) during your peak earning (and very vulnerable) years.
To this end, we offer disability policy discounts ranging from 10% to 30% to employees of select employers. Even better, these policies can be issued using "simplified underwriting." That is, the insurance carriers will waive labs and tax documentations, which they normally require.
You qualify for this program if you work for:
Feel free to reach out if you want to check it out. As always, there's no obligation because, just like you, we're not fans of pushy insurance salespeople either.
Elliott Bay Insurance