Individual disability income insurance is something that I believe in so deeply that I’m compelled to dwell on it repeatedly.

The fourth quarter of 2016 regarding health insurance is a major eye opener for a lot of people that I work with. As we all know, the individual health insurance market took a 43% premium increase in Iowa and by no means were we the highest in the USA for those increases.

So, we get people through this process, re-position the business owners into the group market and get them “better fitted” with the market they should be in, the products appropriate for them, their families and their employees and their budget. With the idea that this investment of time and effort would make their plans more affordable and more sustainable.

In the back of my mind, I know that this business owner with excellent intentions and a great track record is one slip away from failure and collapse of not only the business, the employees, the vendors, but this person and his family. If this business owner becomes extremely ill or injured, it causes their ability to earn to change. If they are able to produce, can they do the same job that they have always done, or do they need to hire someone to do that job for them?

All in all, it’s like putting a kink in the garden hose, the cash flow is either in a bind or has been cut off. A product called Disability Income Protection can be purchased by an individual or it can be purchased as an employer for yourself and your employees. There are many quality companies that we represent that offer disability income protection.

I’m going to attach a link sponsored by Principal that is brief and to the point about what is disability insurance and why you should have it. The average cost of disability income is generally around 1 – 2% of your income. If we look at all of the insurance that you should have – which seems overwhelming to you – rest assured that if all areas are addressed, proportionately, to your needs and your budget, you can cover all bases and be sustainable. Please call us, our consultations are free.