Protecting What You Value Most:  Disability Income Protection 

Don't let a Disability Cripple Your Income

While most Americans insure their lives and material assets, such as their homes, cars, etc., many overlook the need to protect their most valuable asset - the ability to earn an income!  What would happen if you were sick or hurt and unable to work?  Could you maintain your standard of living?

Who Should Purchase Disability Income Insurance?

If you are the sole breadwinner or if your family own a business, you can't afford to be without disability income insurance.

Don't Employers Cover Their Employees?

Many people assume their employer will take care of them if they become disabled.  But, often employer coverage alone is not enough to meet the needs of a family in which the breadwinner has become disabled.  Worse yet, some employers don't offer their employees any disability income coverage at all.

How Much Coverage Do I Need?

Begin by asking yourself the questions listed below. 

• How long after the onset of a disability could I afford to go before receiving payment?
• What are my minimum monthly expenses (food, mortgage/rent, loan payment, credit card balances, etc.)?  How much more do I need to maintain my present lifestyle?

Food $ __________

Mortgage/Rent $ __________

Loan Payment $ __________

Credit Card $ __________

Other $ __________

Monthly Total $ __________

Now that you've checked into the benefits you could qualify for, how much would be provided and for how long?  Would it be enough to cover your financial obligations?

No one expects to become disabled - but it can happen to anyone at any time.  The best thing you can do is make sure you're adequately prepared for any possibility.  A Disability Income Insurance policy from Farm Family Life Insurance Company can help you do just that.

Can I Afford To Protect My Income?

The real question is - can you afford not to?  Your most valuable asset is not your home, car or other possessions - it's your future earning potential.

A disability income policy from Farm Family can help ensure you'll still receive most of that income while you're disabled.

General Disability Income Insurance

The General Disability Income (GDI) policy provides a monthly income for total and partial disability.   

• The amount of monthly benefit which may be used is determined by the insureds earned income.  
• It has a two-year Own Occupation definition of disability. 
• It is guaranteed renewable.
• Periods available are 30,60.90 or 180 days.
• Benefit durations can be 1 year (issued as a rider), 2 years (issued as a rider or a separate policy), 5 years or to age 67.
• Rates are determined by age, sex, tobacco usage and occupation class

All coverages are subject to the terms and conditions of the policies themselves.  These policies provide disability income insurance only.  They do NOT provide basic medical, basic hospital or major medical insurance (as defined by your state insurance department).  The expected benefit ratio for these policies are 80% for the short-term benefit period (1-2 years); 60% for the long-term benefit period (5 years or to age 67).  This ratio is the portion of future premiums which the Company expects to return as benefits, when averaged over all people with a policy.  These policies do not duplicate benefits provided by federal or state legislation such as workers' compensation.

These policies contain certain exceptions, reductions or limitations.  There is an Elimination Period which is the number of consecutive days at the beginning of a continuous period of total disability during which no benefits are payable under the policies.  Medical examinations are required of applicants in certain cases.

These policies are issued from ages 18-60, and are guaranteed renewable upon timely payment of premiums until the policy anniversary nearest to the insured 67th birthday or the insured's collection of retirement benefits under Social Security, if earlier.  The Company reserves the right to change the premium amount by premium class.  Any new premium will be based on the insured's age, sex and premium class on the Date of Issue of the policy.  It will take effect on the policy anniversary next following the change.  Any change in premium rates is subject to the prior approval of the Superintendant of Insurance.

No benefits will be paid within two years (one year in WV) from the date of issue for any pre-existing condition which was misrepresented or not revealed in the application for a policy, and which causes or controbutes to your disability.  A pre-existing condition is the existance of symptoms that would cause an ordinarily prudent person to seek diagnosis, care or treatment; or a condition for which medical advice or treatment was advised by or received from a physician within a 2-year period (one year in WV) prior to the effective date of your coverage.

Neither Farm Family nor its agents give tax advice.  Please contact your attorney or a tax advisor on your specific situation.

Form #s: General Disability Income: GDI 40-183 1101