Monday, April 10, 2017

Part Time Disability?

Got this from Illinos Mutual the other day, thought readers might find it interesting:

"Do all your Disability Income Insurance (DI) clients or prospects work full time? Probably not."

I've never really thought about it, but part time folks might consider disability insurance a good idea. For example, many (most?) part-timers are ineligible for company-sponsored short- or long-term disability plans. And they may not even know individual plans exist (after all, who's actively marketing to them?).

One caveat: when IM says part-time, they mean at least 20 hours a week (on average), so folks who work less than that aren't eligible. But I have to believe that there's a sizable group of folks who would fit into that over 20 but less than 40 hours demographic.

Something to consider, no?
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