Call Us 908-419-5170 ☰ ˟
Logo
Call Us 908-419-5170
  • Home
  • Get A Quote
    • Business & Commercial
    • Group Benefits
    • HealthImage of right arrow
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • Insurance
    • Life
    • Long-Term Care Insurance
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Income Resource Group
    • Location Map
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Disability Income Plan Icon

Disability Income Planning

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Long Term Care Icon

Long Term Care

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Business / Professional

We browse through a wide variety of coverages and find the right one for you.

Learn More
Group Plans Icon

Group Plans

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Why Protect Your Paycheck? - Income Resource Group
FRIDAY, MAY 14, 2021

Why Protect Your Paycheck?

What is your greatest asset?  Your home? Your automobile?......NO......your greatest asset is your ability to earn your paycheck.....but is that ability protected? You do protect your home and auto in case those are lost......Whether you are a Doctor...Lawyer....Business Owner....Healthcare Professional.....if you become sick or disabled your paycheck stops......but the rent...mortgage....salaries.....utilities.....school loan payments....business/practice overhead.....don't stop.....

How do we fix this? With individually-owned DISABILITY INCOME PROTECTION....we'll call if DI for this discussion...

But I have it at work...If you do that's great..but a few things to be aware of...one major concern is that employer-sponsored coverage in most cases goes away the day you leave your job....another issue...if your employer pays for it for you... the benefit when you receive it will be TAXABLE....and it is limited as to how much of your income is protected.....we recommend no less than 65%.

Other factors to consider....a plan you provide for yourself will be TAX-FREE when received....it will cover you if you have a full or partial loss of income.....it will provide you with a monthly check and a lump sum for certain catastrophic occurrences........unlike your coverage at work...individual DI will adjust annually for cost-of-living.....

What about my RETIREMENT PLAN?.....when you are sick or disabled.....your employer CANNOT legally contribute to your retirement plan..or match your 401(k) contribution......YOU CAN fix this problem yourself....we'll show you how..

What if my business partner gets disabled? How will I pay his/her salary?  and how long will they expect me to pay it? We can help with this too..

I am a very highly compensated practitioner....my DI only covers half my income.....Can I purchase more? Yes...let us show you....

I have two other partners......are there multi-life discounts?   Yes! and in certain circumstances.....even GUARANTEED ISSUE...

It all starts with a conversation......don't find out when it's too late....let INCOME RESOURCE GROUP get you answers....NOW

Give is a call at (908)419-5170 or shoot us an email at ...info@incomeresourcegroup.com

 

 

 

 

 

 

 

 

Posted 11:00 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021


View Mobile Version

Contact Us Today!
908-419-5170

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

PO Box 15
Ringoes, NJ 08551

P: 908-419-5170
E: info@incomeresourcegroup.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder