7 Reasons Why Applying for Disability Insurance When You’re In Your 20s or 30s is a Smart Choice.

Disability insurance, also known as income protection, is an important part of a sound financial plan. Applying for coverage when you’re young can help you lay the foundation for a brighter future.
More than 25%25 of 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.

If you’re in your 20s or 30s, you may think it’s too difficult to be approved for disability insurance, that it costs too much or that you simply don’t need it. But, there are several very good reasons to consider adding coverage to your financial plan when you’re young.
 

#1 Helps protect against illnesses too

There is a misconception that disability insurance only applies to physical illnesses and (short and long-term) accident-related injuries, but its coverage is much broader than that. Pregnancy, orthopedic conditions that have a level of impairment, cancer diagnoses and behavioral health conditions can also be considered disabilities.
 

#2 Coverage you can keep throughout your career

If you already have Long Term Disability (LTD) coverage through your employer, it may stop if you change jobs. Also, chances are it only covers a limited portion of your salary, and benefits are typically taxed. AICPA LTD coverage is yours to keep for as long as you maintain your membership. It’s also flexible, affordable, and there are no offsets to your LTD benefits from other benefits you may already be receiving.
 

#3 It can be fast and easy

Applying for disability insurance has never been easier. Take the AICPA LTD Income Plan, for example. The online application process takes minutes and offers the opportunity for instant approval.
 

#4 Student loan debt

A disability insurance policy can help you make your monthly student loan payments in the event of an injury or illness that prevents you from working.
 

#5 Day-to-day expenses

If you rely on your income to pay medical co-pays, rent, credit card bills, and other everyday expenses, then you should consider applying for disability insurance. If you are unable to work due to an illness or injury, benefits can help you protect your income and avoid falling into debt.
 

#6 Cost

Did you know that a 32-year-old could get $5,000 in AICPA LTD monthly coverage for $25.50 a month?* Disability insurance is generally most affordable the younger you are. Although rates increase as you age, snagging a policy while you are young can mean paying a significantly lower
premium to start off with.
 

#7 Continue your path to financial freedom

You're working hard to build an independent lifestyle today and a financially secure tomorrow. Having an income protection plan like the AICPA LTD Income Plan is a great way to make sure an unexpected disability doesn’t derail your financial plans for your future. You could have a way to
help maintain your and your family’s lifestyle while you are living.
 
FACT: 77.8% of debtors cite income loss as a contributor to their bankruptcy. This included 44.3% specifically citing medically-related work loss as a contributor.1
 
The AICPA Long Term Disability Income Plan offers:
  • Total Disability Option or Total & Partial Disability Option
  • Choice of waiting periods
  • Wide range of flexible coverage amounts
Additionally, with a "your occupation" definition of disability, you won't be forced into another line of work. AICPA LTD coverage, also referred to as ‘income protection’, is issued by The Prudential Insurance Company of America, a trusted, A+ Superior-rated Insurance provider.
 
 
1Council for Disability Awareness, Sept. 2021 https://disabilitycanhappen.org/disability-statistic/
*Based on a Total Disability Option with a 26 week waiting period.
 
The Prudential Insurance Company of America has an A+ Financial Strength Ratings rating from AM Best. A+ is the second highest of the 16 ratings AM Best extends. The rating is an opinion on the insurer’s financial strength and ability to meet its insurance policy and contractual obligation. Ratings are as of November 2, 2021 and are not a guarantee of future financial strength or claim paying ability. The ratings are subject to change and do not reflect any subsequent rating agency
action.
 
This site may contain marketing language, on products issued by The Prudential Insurance Company of America, that has not yet been approved in all states.
 
Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc. (TX 13695) (AR 100106022); in CA and MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc. (CA 0G94493), Aon Direct Insurance Administrators, and Berkely Insurance Agency; and in NY, AIS Affinity Insurance Agency. The Plan Agent of the AICPA Insurance Trust, Aon Insurance Services, is not affiliated with Prudential.
 
Group Insurance coverage is issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. Contract Series: 83500. CA COA #1179, NAIC #68241.

 
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