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.
  • 66% of the private sector workforce has no long-term disability insurance, as reported by the Bureau of Labor Statistics.

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.

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 educational purposes only and 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 assist in understanding the issues discussed. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Waddell & Reed does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial related decisions.

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