Disability

What is the Best Route or Course of Action?

When looking for an Individual Disability Insurance plan, you will notice that you have options for the types of coverage available through Dickey McCay in order to create a plan that covers you if you have  an accident or injury resulting in a disability that prevents you from working.

This is where Disability Insurance pays off as it is not the same as obtaining disability insurance through Social Security which has many stipulations and regulations; anyone who wishes to insure their paycheck if they are disable can simply build and buy Disability Insurance.

When creating a plan with one of Dickey McCay’s experienced agents, you will find that there are two types of Disability Insurance policies available:

1. Short-term Disability: This plan assists in making up a large portion of lost income if you become disabled and it requires you to be absent from your job for six months or less. This plan typically kicks in after all of your other options like paid time off and/or sick leave have been used
2. Long-term Disability: This plan will generally play between 50 to 70 percent of your salary at the time you purchase the policy for a certain length of time ranging from six months to five years up until you reach 65 years of age.

Remember, insurance is all about protecting you and your family from losing more than you can afford if the unexpected happens. To put your chances of becoming disabled at risk, consider the following scenario created using current US statistics from CDA’s PDQ disability risk calculator:

• A typical female, age 35, 5’4″, 125 pounds, non-smoker, who works mostly an office job, with some outdoor physical responsibilities, and who leads a healthy lifestyle has the following risks:
  • A 24% chance of becoming disabled for 3 months or longer during her working career;
    • with a 38% chance that the disability would last 5 years or longer,
    • and with the average disability for someone like her lasting 82 months.
  • If this same person used tobacco and weighed 160 pounds, the risk would increase to a 41% chance of becoming disabled for 3 months or longer. To calculate your own Personal Disability Quotient (PDQ), go to: http://www.whatsmypdq.org.

Unfortunately, most Americans do not consider themselves at risk and make the mistake of not obtaining Disability Insurance. While 64% of wage earners believe they have a 2% or less chance of being disabled for 3 months or more during their working career, it should be noted that the actual odds for a worker entering the workforce today is about 25%.

If and when the unexpected does occur, you will rest easy knowing that Dickey McCay is here for you to create a Disability Insurance policy that will keep you and your family from facing additional financial hardship if you become disabled and cannot work. Even with Social Security’s Disability Insurance offered through some jobs, 65% of initial SSDI claim applications were denied in 2012, a risk you cannot afford. Can your family live on $1,130 a month? That’s the average monthly benefit paid by Social Security Disability Insurance (SSDI) at the end of 2012.

To help get additional protection for your quality of life, health protection, and assets, call or stop by and get a quote today at Dickey McCay Insurance; you can stop by our main office location in Copperhill, Tennessee or our other office location in Tellico Plains, Tennessee.

If that is not convenient, we will have a representative visit you as we serve local cities and communities in the Tri-States of Georgia, North Carolina and Tennessee from our office locations in Tennessee and Georgia.

We are licensed to sell insurance in seven states (Alabama, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee), so we can handle both residential and commercial insurance needs across state boundaries.  Whether you live in Murphy, Andrews, Hayesville, Robbinsville and surrounding cities or communities in North Carolina NC; Blue Ridge, Blairsville and surrounding cities or communities in Georgia; Madisonville and Sweetwater, and surrounding cities or communities in Tennessee, Dickey McCay will listen, ask questions, make recommendations and can customize a plan to suit your lifestyle and immediate needs to protect you, your loved ones and valued assets.

Complete one of quotes or make a call today to discover what the Dickey McCay advantage can do for you by calling our main office at (423) 496-3366 to talk with our insurance specialists.  If you speak Spanish or have a friend who needs insurance help, we have Spanish-speaking representatives available to assist with the same valued support; oficina: (888) 978-7843.