New Castle County Chamber of Commerce Members
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Click here to request a Disability Insurance quote.
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What's at risk?
It is sobering to consider how much depends on your income.
As illustrated above, without disability income insurance, during a disability you would face the likelihood of significant loss of income at the same time that your medical bills increase. Your savings could quickly be depleted. Bills for your mortgage, cars, utilities, education, loans and other daily expenses would keep coming. Do you know how you would manage?
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The Good News
As shown in the table below, with advances in medicine, the incidence of death from major illnesses
has decreased significantly.
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Condition
Hypertension
Heart disease
Cerebrovascular
Diabetes |
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Death
 73%
29%
48%
27% |
Disability
 70%
44%
36%
36%
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The Bad News
The incidence of disability from these same illnesses has increased dramatically.
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Age
Under 40
40-44
45-49 |
Duration
4 years
4.3 years
4.6 years |
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Age
50-54
55-59
60-64 |
Duration
4.5 years
3.5 years
1.7 years
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How would you pay your bills?
- You could use your savings... What will you be giving up? A child's education? Retirement?
- You could borrow money... Who will lend you what you need? How will you pay it back?
- You could tap into Social Security... Its definition of disability is strict and you may have to wait for as long as a year to qualify.
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You are eligible for special NCCCC member benefits!
To give you and your family a measure of financial security, NCCCC has approved an individual disability insurance discount program from The Standard for its members.
Because of your NCCCC membership, if you purchase The ProtectorSM or The Business ProtectorSM:
- You are eligible to receive a premium discount of 10% to 15%, depending on the product purchased.
- Your policy cannot be cancelled as long as the premiums are paid on time.
- Your policy is portable; you can take it with you in the event you change employers.
- Coverage is available up to age 66 or 67, whichever is your normal retirement age.
- You are covered 24 hours a day, 7 days a week - not just at work.
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