When you add up your assets; your car, house, business, or your salon; do you also consider yourself an asset? Are you aware that your strongest asset may very well be your earning ability? For example if you make $40,000/yr on average, then over the course of your working career you will earn over $1,500,000 in income? For many people this is their most valuable asset; their own earning ability. Here at Fortier we specialize in servicing the Beauty & Barbering Industry and are well aware that most of our clients are self employed. Coverage for dental, medical, and life can oftentimes over shadow the importance of disability protection which guards the strongest asset for so many of our clients.
Disability income coverage is important and protects the earning asset of an insured in the case of being sick, injured or hurt. Some of our clients may think that social security benefits would protect them against disability risks, but the Social Security Admin reported that the average disability payout for those that qualify was just $978/mn! Furthermore the Social Security Admin also mentioned that for every 10 workers 3 will be out of work due to a disability during their careers for a period greater than 3 months. The good news is that regardless of your health or health history you can be covered with disability income protection through the California Cosmetology Association. Fortier Insurance has both short-term & long-term disability benefit options. When considering your disability benefits and financial stability there are key questions to ask.