So, what's the solution? The Unum Educator Select Income Protection Plan. It replaces a portion of your income, covers you 24 hours a day, and helps provide financial security when you are disabled. The premiums are conveniently payroll deducted at affordable group rates.
And, you have the option to choose a plan, monthly benefit amount, and elimination period that suits your need.
The Need for Long Term Disability Insurance
If you're disabled and can't work and earn a paycheck, you could jeopardize everything you've worked so hard to achieve -your lifestyle and financial security. If you become disabled and can't work, how would you pay for your home, your food, your car?
Most people insure their home, their car, their lives. But not their paycheck. Yet the risk of being disabled as a working person is greater than the risk of damage to your home or car.
- There's a 1 in 1,200 risk of having a fire that will cause major damage to a person's home.*
- There's a 1 in 240 risk that an accident will destroy a person's car.**
- There's a 1 in 5 risk that a working person will be disabled for 5 years or longer before age 65.***
Doesn't it make sense to insure the very thing that enables you to provide for yourself and your family? Your paycheck!
* J. Sandler, D. Newman, CLU, CHFC, "Making the Transition to Long Term Care," LAN, November, 1993, p.11.
** Ibid.
*** 1987 Commissioner's Disability Table, Society of Actuaries.
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