Income Protection Insurance
Disability insurance can help replace part of your income if an illness or injury keeps you from working.
It can help working individuals, families, self-employed professionals, and Michigan business owners manage essential expenses while they recover.
A coverage review may consider:
– Your income and monthly expenses
– Employer-sponsored benefits
– Your occupation
– The waiting period before benefits begin
– How long benefits may last
– The policy’s definition of disability
Coverage, eligibility, and benefit amounts vary by person. We can help you compare options and identify gaps in your income protection.
- Your income is your most valuable asset not your house, not your car. If you can’t work, everything built on that income is at risk.
- Illness (not accidents) drives most claims. 90% of long-term disability claims are caused by illness, not accidents. Also, most aren’t work-related meaning workers’ comp won’t save you.
- Social Security won’t cut it. From 2014 to 2023, only 30% of SSDI claimants were approved. The process takes months, often years. With over 340,000 pending appeals hearings as of early 2026.
- Short-term savings run out fast. 4 in 10 American adults can’t cover an unexpected $400 expense without going into debt. A months-long disability would be catastrophic without a benefit check coming in.
- It protects your home. 48% of home foreclosures are the result of disability far outpacing job loss or death as the leading cause.
- The younger you are, the cheaper it is and the more you need it. The Social Security Administration estimates 1 in 4 of today’s 20-year-olds will experience a long-term disability before reaching age 67. However most young workers assume it’s a senior’s problem.
- Employer coverage is usually inadequate. Group policies often cap at 60% of base salary, exclude bonuses, and disappear the moment you leave the job. This leaves you exposed exactly when you can least afford it.
Most people insure their life without a second thought, yet almost no one thinks about the far more probable scenario: being alive but unable to work. A disability doesn’t just stop your paycheck it actively increases your expenses through medical bills, rehabilitation costs, and the daily realities of managing a serious condition. Over 51 million working Americans have no disability insurance beyond basic Social Security, meaning the majority of the workforce is exposed to a risk statistically more likely than death itself. You are three and a half times more likely to need disability coverage during your career than you are to die and need life insurance. Life insurance protects your family if you’re gone; disability insurance protects your family while you’re still here but unable to provide. The tragedy of going uninsured for disability isn’t a sudden one it’s the slow erosion of savings, retirement accounts, and stability over months or years of lost income. At Zimmer & Associates, we help clients close this gap before a diagnosis or injury forces the conversation because by then, it’s too late to qualify.
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Ask yourself This...
There are many questions our clients have asked over the years and we love to hear from them, if you have any questions please look to your right or below to see if they may be answered already.
If not, please reach out to us as we would be more than happy to answer any question or concern you may have.
That’s the most important question to our team.
Our team needs to know where you are to help you get where you want to go.
There’s rarely one way to get from Point A to Point B. We provide the pros and cons for each scenario and helps you make a retirement income plan for your individual situation. Our team gives you the tools. It’s your job to make the decisions.
Everything leads up to this point. You have to execute on what you agreed on with our team or nothing happens. We will encourage you to follow through, stick to your retirement income plan, and keep making progress toward your goals.
Change is constant. As times evolve, so might your needs. Our team will work with you to update your retirement income plan as needed, to analyze new information, and to make sure you’re happy with your services and products.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. Any references to protection or lifetime income refer to fixed insurance products, never securities or investment products. Insurance and annuity products are backed by the financial strength and claims-paying ability of the issuing insurance company. 19644 – 2020/1/15
The information is not intended to be investment, legal or tax advice. The agent can provide information, but not advice related to social security benefits. The agent may be able to identify potential retirement income gaps and may introduce insurance products, such as an annuity, as a potential solution. For more information, contact the Social Security Administration office, or visit www.ssa.gov.
