It's Simple: You Need Your Paycheck
How do you find the right Disability Income Insurance, or DI plan, for your budget?
Start by answering three simple questions. Question one. How much do you need to cover your basic monthly expenses? This is your benefit amount. Add up your mortgage, utilities, and groceries. You'll have a good idea of how much DI you need to cover your expenses each month.
Question two. How long would you need DI benefits to last? This is your benefit period. For many policyowners, two years of coverage is affordable and provides proper time for recovery and evaluation.
Question three. How long could you go without a paycheck? This is you elimination period. When purchasing DI, you'll be asked to choose your elimination period which is how long you can wait before your disability insurance benefits begin.
Take the next step toward building your income protection plan. Contact your Illinois Mutual agent today.