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What is Disability insurance?

Disability insurance is Paycheck insurance. Your paycheck is your greatest asset. Disability insurance helps protect your paycheck. Losing your paycheck due to accident or illness is a major cause of bankruptcy.

A disabling injury or illness can happen in the blink of an eye. If you have to stop working, your income will also stop. This does not have to be the case if you protected yourself with disability insurance. Under a Disability Income Plan, you can receive a monthly benefit that you select. With this benefit, you will have a monthly benefit to be used towards your living expenses until you get back to work.

What happens if you can’t work?

More than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.

- Social Security Administration, Disability and Death Probability Tables for Insured Workers Born in 1997

2018-04-23T17:56:20+00:00

- Social Security Administration, Disability and Death Probability Tables for Insured Workers Born in 1997

More than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.

Social Security won’t replace full income.

At least 51 million working adults in the United States are without disability insurance other than the basic coverage available through Social Security.

- American Council of Life Insurers

2018-04-23T17:57:16+00:00

- American Council of Life Insurers

At least 51 million working adults in the United States are without disability insurance other than the basic coverage available through Social Security.

How long will your savings last if you get sick?

Only 48 percent of American adults indicate they have enough savings to cover three months of living expenses in the event they’re not earning any income.

- Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2016

2018-04-23T17:57:56+00:00

- Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2016

Only 48 percent of American adults indicate they have enough savings to cover three months of living expenses in the event they’re not earning any income.

Disability by its nature is unexpected.

Almost half of American adults indicate they can’t pay an unexpected $400 bill without having to take out a loan or sell something to do so.

- Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2016

2018-04-23T17:58:24+00:00

- Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2016

Almost half of American adults indicate they can’t pay an unexpected $400 bill without having to take out a loan or sell something to do so.

Don’t let a disability or illness put an end to your income. Disability insurance should be an essential part of everyone’s portfolio.

Q & A
  • Who can apply for this plan?
    All actively-at-work hygienists under age 60, working a minimum of 30 hours per week, who reside in the state of Washington may apply for this coverage.
  • I was told in the past that I am uninsurable due to medical conditions and/or medications that I take or have taken.
    Insurance underwriting requirements may have changed and it is worth having your personal health history reviewed. Please download and complete the health form in detail and submit to RDH Insurance Professionals, Ltd. for review.
  • When will benefits begin?
    There are options . . . benefits can begin after 60 days, 90 days or 180 days of disability. Choose a waiting period that best suits your needs by comparing your current savings versus your expenses.
  • How much coverage do I need?
    No two families are alike. That’s why plan options provide you with the flexibility to choose a coverage amount that fits your lifestyle.
  • When is the coverage effective?
    Your coverage will become effective when your application is approved by the insurance company and your initial premium payment has been received.
  • Does my health affect my chances of insurability?
    Acceptance into an insurance plan is subject to medical evidence of insurability as determined by the insurance company. Depending on your age, the amount of coverage you request, and your answers on the application, a medical examination, medical test(s), or other evidence of good health may be required. Any exam/tests requested by the company will be conducted at your convenience and at no expense to you.
  • Do I have to meet with an insurance agent?
    We start with a telephone interview. A written application may or may not be completed with an agent in person. The needs, location, and timing of a client will be considered in making appointments.
  • What if I have second thoughts after I apply?
    You will have 30 days from the date of receipt to review the insurance certificate. If you are not satisfied with the terms of the certificate, simply return it to the insurance administrator and any premiums paid will be refunded in full, minus any claims paid.

Why do I need disability insurance?

One of your most valuable assets is your earning capacity. It’s taken years of study and career advancement to achieve your position today. Yet a serious injury or illness could jeopardize your livelihood. Even if you’re young and healthy, a serious injury or illness could put you out of work for months or even years.

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  • Can you reduce your life style to live on Social Security disability benefits?
    The amount of benefits received depends on your age, earnings before being disabled and eligibility of family members. Many working Americans don’t want to rely on Social Security because its benefits fall short of meeting their actual needs.
  • Social Security disability is not a sure thing.
    To qualify, a disability must be/or expected to last 1 year or result in death.  The disability must be total-there are no partial payments.
  • L&I will cover disability.
    L&I pays benefits for disabilities that occur on the job. The truth is that 90% of disability accidents and illnesses are not work-related.  Not an easy process to navigate and not all claims are accepted.

How much will this coverage cost?

why-insureYour premium is based on your age, the monthly disability benefit you request plus the waiting period (e.g., 60, 90, or 180 days) before benefits begin and benefit period (5 years or to age 67).

For example,  if you are a recent graduate and make about $67,00 per year your monthly premium is dependent upon your age and amount of benefits desired.

General Example:
  • Age 25:   $135.05-$184.92/month
  • Age 30:  $179.63-$228.02/month
  • Age 35:  $223.97-$268.49/month

You might think you can save enough for a rainy day, but if your monthly premium is $200, how much would you have saved in one year? How long can you survive on that amount? A comprehensive disability income insurance plan could replace 60-68% of your yearly income up to age 67 if you could not perform your dental hygiene duties.

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