Disability Insurance in Washington

Most people think disability insurance is not necessary and/or too expensive. In fact, the chances of a disability occurring before age 65 is greater than the chances of a premature death.

According to data collected by the Disability Insurance Statistics Bank:

  • At age 40, the average worker faces only a 14 percent chance of dying before age 65 but a 21 percent chance of being disabled for 90 days or more. (Insurance Information Institute)
  • Almost 3 in 10 workers entering the workforce today will become disabled before retirement. (Social Security Administration)
  • 43% of all people age 40 will have a long-term disability event prior to age 65. (JHA Disability Fact Book)

Becoming disabled could happen at some point during your lifetime. If the unexpected happened today, how long could you afford to pay your bills?

Paycheck Protection for Individuals and Families

Your income is a valuable asset for you and your family. Without a financial safety net in place, a sudden loss of income could mean depleting your nest egg or borrowing money from family members. It may also mean using fundraising resources like GoFundMe to raise enough cash to cover medical expenses and other costs.

Disability insurance protects your lifestyle when you cannot work due to sickness or injury. By replacing a portion of your lost monthly income, you can continue paying your mortgage, utilities and other monthly expenses while you recover.

Overhead Coverage for Business Owners

As a business owner, your employees and company assets depend on you. If you become too sick or hurt to work, it’s important to have a contingency plan for covering monthly expenses, including salaries, rent and utilities. Disability insurance provides the financial protection you need to keep your business and your employees afloat during difficult times.

Get Disability Insurance Today

Whether you want short-term or long-term disability insurance, we can help you find the policy that is right for you or your business. Contact us today to get started.

Working with Baker Insurance has been an incredible resource and, in fact, it’s a joy to work with Theresa and her team. As a small business owner that wears many hats (arguably far too many), it’s a scary thing to hand off some of these precious responsibilities, and I trust that things are getting done with the utmost care with Baker Insurance at my side. As my business scales and the landscape changes, I know that I will have a partner for the long haul that I can grow with.

– Molly H.