Guard yourself and your family with disability insurance.

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Like life insurance, disability insurance is protection for you and your family, providing the ability to receive an income should you become disabled.

In many ways, when you are young and active, disability insurance can be more important than life insurance. Why? Consider the following:

  • According to the Social Security Administration, one out of four 20-year-olds will become disabled before they reach the age of 67.*
  • 69% of the private sector workforce has no long-term disability insurance.*

Furthermore, you may not have enough income or savings to cover monthly living expenses — utilities, house and car payments, groceries — if you are unable to work. Disability insurance provides a safety net should you find yourself in this position.

Disability policies are either short-term (up to two years) or long-term (up to age 65 or for life). The amount of disability insurance you need often depends on your current income requirements. Policies often limit coverage to a percentage of earnings or to a maximum dollar amount.

* Source: www.SSA.gov

Be sure your family’s needs are met should you be unable to work.

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Insurance products are offered through insurance companies with which Waddell & Reed, Inc., has sales arrangements.

This information is provided for informational and educational purposes only. Waddell & Reed believes the information has been obtained from sources considered to be reliable, but does not guarantee the accuracy of the information provided. This information is not meant to be a complete summary or statement of all available data necessary for making financial or investment decisions and does not constitute a recommendation.

Please note that the information provided may include references to concepts that have legal, accounting and tax implications. It is not to be construed as legal, accounting or tax advice, and is provided as general information to you to assist in understanding the issues discussed. Neither Waddell & Reed, Inc., nor its Financial Advisors give tax, legal, or accounting advice.

This information is not meant as financial or investment advice pertaining to your personal situation. The selection of appropriate investment, insurance or planning options and/or strategies should be made on an individual basis after consultation with appropriate legal, tax and financial advisors. Nothing contained herein is intended as a solicitation or an offer to buy or sell any product or service mentioned and they may not be suitable for all investors.

Securities offered through Waddell & Reed, Inc., Member FINRA/SIPC, are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Insurance products are offered through insurance companies with which Waddell & Reed has sales arrangements. Guarantees provided by insurance products are subject to the claims-paying-ability of the issuing insurance company.

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