Using disability insurance to protect clients’ retirements

Using disability insurance to protect clients’ retirements

Whether due to age, accident or chronic illness, many people fear that disability will keep from them from working and contributing to their retirement accounts. In some cases, disabled workers with inadequate coverage may even have to draw down their accounts early, essentially funding an early retirement with assets they expected to grow for years. What are the options for people who want to protect their retirement? What kinds of disability insurance are available? Is disability insurance ever an option after the fact, when a client is already unable to work – or is this something advisors need to help them plan for well in advance? Overall, what should advisors know about protecting their clients’ retirements with disability insurance? Requirements: I’d like to speak with financial advisors who have helped clients use disability insurance to protect their retirement accounts.

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