Why Protecting Your Paycheck Matters

"Disability income insurance is paycheck insurance."

That's how longtime insurance professional Bob Isaacson explains disability income insurance (DI) to his clients, and it's a belief he's lived by throughout his career. In fact, the first DI policy Bob purchased was his own at age 25. As he began building a career and raising a family, he understood that his income was the foundation of his financial future.

His perspective raises an important question: If you couldn't earn a paycheck tomorrow, how long could you maintain your current lifestyle?

I’m Bob Isaacson from Holdrege, NE.

Every policy I present to clients I have for myself.

Disability income insurance is paycheck insurance. How long can you go without a paycheck? Most people can't go too long.

My first policy I ever wrote was on myself when I was 25 years old, with Illinois Mutual. I knew the important part of that because there's a lot of exposure when you're raising a family and you're really dependent on that income.

Really everybody needs it, because if your income stops, everything stops. A lot of people just don't think it's going to happen to them. So I think that's something that they really need to look at in their overall insurance portfolio.

There are other disability companies out there, but Illinois Mutual is my go-to company, and I've dealt with a lot of companies over the years in all lines of insurance, and they're one of the top ones.

Why Your Paycheck Is Worth Protecting

Most people insure their homes, vehicles and other valuable possessions. But the income that pays for those assets is often overlooked. Your paycheck also helps pays for basic living expenses such as:

  • Mortgage or rent

  • Utilities

  • Groceries

  • Childcare

  • Retirement savings

  • Other monthly financial obligations

If a disabling illness or injury prevents you from working, those expenses don't disappear.

Quick Answer

What is disability income insurance?

Income protection or “paycheck insurance” are common ways to describe DI. It can help replace a portion of your income if a disabling illness or injury prevents you from working, helping you continue meeting financial obligations while you recover.

Why DI Matters

Bob believes many people underestimate the importance of protecting their income because they don't expect a disability to happen to them. The reality is that a disabling illness or injury can interrupt your ability to work. DI is designed to help provide financial support so you can focus on recovery instead of worrying about how you'll pay your bills.

An Important Part of Your Insurance Portfolio

Life changes, careers grow and financial responsibilities increase over time. Whether you're just starting out or supporting a family, your ability to earn an income is often your greatest financial asset.

That's why Bob encourages clients to consider DI as part of a well-rounded insurance portfolio. It complements other forms of coverage by helping protect the income that supports your financial goals.

The Bottom Line

After decades of helping clients protect what matters most, Bob Isaacson continues to share the same advice: don't overlook the income that makes everything else possible.

Homes, vehicles and other possessions are important to protect—but so is the paycheck that helps pay for them. DI can play an important role in helping safeguard your financial future if you're unable to work due to a disabling illness or injury.

Frequently Asked Questions

Anyone who depends on earned income to pay living expenses, support a family or work toward financial goals may benefit from considering DI.

Health insurance helps cover medical expenses. DI is designed to help replace a portion of your income if a disabling illness or injury prevents you from working.

No. Interruptions in your ability to work can occur at any age due to a disabling illness or injury. Many people choose to purchase coverage while they're younger and actively working.