“But the reality is that only about 8% of RiverSource disability claims are the result of accidents, while illnesses that result in disabilities are much more common,” 1 Maki says.
Myth: Disability-income insurance is primarily for accidental injuriesįact: One common notion is that disability-income insurance covers only accidents. Here are some key insights to help you plan ahead. Understanding some of the myths and misconceptions around insurance options is a powerful first step in helping to protect your assets from the unexpected. While many people understand the importance of life insurance, other forms of coverage become more significant as you approach retirement and hit your peak earning and saving years. “Insurance can’t prevent the first tragedy, but it can help prevent the second one - the financial impact of an unexpected life event,” says Tom Maki, Vice President at RiverSource Life Insurance Company.
Advances in life insurance and long-term care policies mean greater flexibility for you.Employer-based disability income insurance may not cover enough of your needs.
