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Avraham "AY"  Rappaport, CLTC

President, Financial Professional


Yaniv "Jay" Natanov

President, Financial Planner


Eli Rappaport

Vice President, Financial Planner


Shlomo Rosenstein

Financial Professional


Ozzie Marizan

Financial Planner


Joseph Greer

Employee Benefits Administrator


Dylan Pinsky

Client Relations Manager


Premier Financial

6395 Dobbin Road, Suite 102

Columbia, MD 21045


Phone:  240-309-6001




May/June 2023

Should You Buy a Disability Policy?

Disabled handicapped young man in wheelchair raised hands with his care helper in sunset.Silhouette

Disability insurance may not be high on your list of priorities. But consider this: According to Social Security Administration statistics, one in four 20-year-olds will become disabled before reaching retirement age. A disability insurance policy is designed to replace a portion of your income if you become ill or injured and can't work.

Current Coverage
Your employer may offer group disability insurance coverage. However, if you leave your employer for any reason or if your employer decides to eliminate this benefit in the future, you would lose your coverage. Benefits under a group policy also may not be as generous as you would want. Buying your own disability policy may provide better coverage, and rates may be lower if you purchase a policy when you’re younger.

Why You Need Disability Coverage
Think about how long you could continue to meet your financial obligations without a steady paycheck. If you have a substantial emergency fund or significant retirement savings, you may be able to withstand not receiving an income for a while. But, if your savings would be quickly depleted, purchasing disability insurance is something to consider, especially if you have a family that depends on your income or if you’re self-employed.

Questions to Ask
Before you purchase a disability policy, make sure you understand what the policy covers and the benefits. You’ll want to ask about:
  • The definition of disability. Some policies pay only if you can’t work at any job for which you’re qualified, while others pay if you can’t perform a job in your own occupation;

  • The length of time before benefits begin (elimination period);

  • How long benefits will continue to be paid. This may be for a specific number of years or until retirement age;

  • How much the policy pays.

The Cost of a Policy
Several factors affect the amount you will pay for a disability policy. These include your age, health, gender, occupation, the length of the waiting period, the benefit length, and any extra features you choose, such as annual cost-of-living adjustments. Your insurance professional can help tailor a policy to meet your needs.



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Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
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