Disability Income Protection: Safeguard Your Financial Future

Name: Managed Wealth Strategies, LLC.
Address: 28 Main Street, Northborough, MA, 01532, US
Telephone: 508-466-7814

At Managed Wealth Strategies, we understand the importance of protecting your income in the event of an unexpected disability. Disability Income Protection is a crucial component of financial planning, ensuring that you and your family are financially secure if you are unable to work due to illness or injury. Our experienced financial advisors and wealth advisors in Boston, MA, are here to guide you through the process of securing the right disability income protection for your needs.

What is Disability Income Protection?

Disability Income Protection, also known as disability insurance, provides a portion of your income if you become disabled and are unable to work. This type of insurance is designed to help you meet your financial obligations, such as mortgage payments, utility bills, and daily living expenses, while you are unable to earn an income.

Options for Disability Income Protection

In Massachusetts, there are several options for disability income protection, including:

Short-Term Disability Insurance: Covers a portion of your income for a limited period, typically up to six months.
Long-Term Disability Insurance: Provides income replacement for an extended period, often until retirement age.
Group Disability Insurance: Offered through employers, this type of insurance covers a group of employees.
Individual Disability Insurance: Purchased independently, offering customizable coverage tailored to your specific needs.

Eligibility and Limitations

Eligibility for disability income protection varies depending on the type of policy and the insurance provider. Generally, you must meet certain criteria, such as being employed and having a steady income. Limitations may include waiting periods before benefits begin, maximum benefit amounts, and exclusions for pre-existing conditions.

Why Choose Managed Wealth Strategies?

At Managed Wealth Strategies, our financial advisors and wealth advisors are dedicated to helping you navigate the complexities of disability income protection. We work closely with you to understand your unique financial situation and recommend the best options to protect your income. Our personalized approach ensures that you have the right coverage to meet your needs and goals.

Protect Your Disability Income Today

Don't leave your financial future to chance. Contact Managed Wealth Strategies today to discuss your disability income protection options. Our team is here to provide you with the guidance and support you need to make informed decisions about your financial security. Call us at 508-466-7814 for a quote and take the first step towards protecting your income and your family's well-being.