Americans place a significant amount of importance on retirement savings.  According to a global retirement survey conducted this year, U.S. workers save just shy of $700 a month for retirement—a figure double the amount saved by workers in Germany, Italy, and France and over ten times the amount saved by workers in China.  With Social Security’s uncertain future, Americans see saving for retirement as more vital than ever before. 

Now consider how a disability could affect your ability to save for retirement.  The two primary aspects of most successful retirement plans are positive annual returns and consistent contributions.  A disability will not affect the performance of the money you have already invested in retirement, but it certainly can bring your contributions to a halt.  Fortunately, there is a way to ensure that a disability will not derail your retirement contributions.

A retirement protection disability insurance policy pays the insured a benefit of up to $3,670 per month that can be contributed to a retirement plan if he or she becomes disabled.  This benefit not only pays the insured’s current contribution, but will also cover the amount their employer matches.

A retirement protection disability insurance policy is independent of other disability coverage you might have, but it shares many of the same great features of a personal disability insurance policy.  Retirement protection disability policies can be own occupation specific, non-cancellable, and guaranteed renewable to age 65.  They also offer the flexibility of a Cost of Living Adjustment (COLA) to guard against inflation, and a Future Increase Option (FIO) Rider that allows the policyholder to increase coverage without providing evidence of medical insurability.

While they have different functions, retirement protection and personal disability insurance policies both prevent your hard work and careful planning from being destroyed by a disability.  A personal disability insurance policy prevents financial disaster, but retirement protection disability insurance allows you to continue saving for retirement on your terms.

To learn more about how a retirement protection disability insurance policy fits your financial planning needs, call 866-899-7318 or visit www.doctordisability.com.