At some point our bodies begin to breakdown. This might happen more often than you think. According to the Social Security Administration, 25% of today’s 20-year-olds will become disabled before they retire. Being on disability is a tough situation to be in, especially if you are not covered. If you become disabled, it might affect your job market and put a halt to your income. About 2/3 of the current workforce are without private disability insurance. 
If the chances are so high, why would you even think twice about it? Covering yourself and protecting your income source isn’t something you want to risk. In this recession, we have noticed a larger amount of personal disabilities coming from personal lines. In the end, this means companies are less likely to provide you with the coverage you need.
Some employers offer and pay for disability insurance for employees, But it may not be enough for your situation.
One of the best ways to set up an affordable plan is to contact your local Disability Insurance Provider. If you are interested in a group policy, it will generally be less expensive and they often don’t require medical underwriting.
Two things to know about: If you pay your premiums out of pocket, your benefits will be tax-free. If your employer pays premiums, benefits are taxable. When you negotiate your benefits, make sure you take that into consideration.
The next step to selecting the proper coverage is to determine how much you need. Generally, have a maximum amount of coverage is based on your salary. As a benchmark, 60% to 70% of a year’s income will suffice. The CDA has a calculator on its website (disabilitycanhappen.org).
If your located throughout New York, make sure you contact MHB Insurance first. We specialize in Business & Personal Coverage Lines. Disability insurance is something you should never chance. Fill out the quick quote form above or give us a call at (877) 709-6761.
 Barry Lundquist, president of the Council for Disability Awareness (CDA)