Pub. 14 2015-2016 Issue 1

N E W J E R S E Y C O A L I T I O N O F A U T O M O T I V E R E T A I L E R S I S S U E N O . 2 , 2 0 1 5 26 new jersey auto retailer Are your employees prepared for a disability? One of their most vital assets is the ability to earn an income, and being unable to work due to an injury or sickness can contribute to emotional, physical, and financial issues. With many Americans living paycheck to paycheck, going without an income for any significant amount of time could cause unwanted financial concerns. Think about where your employees’ pay- checks go: • Mortgage or rent • Car payments • Groceries and gasoline • Credit card and insurance payments • Tuition and student loans In the simplest of terms, Disability Income Insurance can help protect your employees’ income. In the event of a disability, if they are unable to work due to a covered injury or sickness, their monthly benefit payments will allow them to pay their living expenses and make purchases as they need. And there are no additional costs to you, the employer. Beside the ease of mind, a good group dis- ability insurance plan features: • Benefits paid directly to employees so they can use the money however they see fit. • A portion of the benefit is paid if employees are able to return to work part-time. • Guarantee to issue for first-time eligible em- ployees without answering health questions. • Waiver of premium benefits while an em- ployee is disabled. According to the 2014 edition of the National SafetyCouncil InjuryFacts,medical expenses can average as high as $5,504 per uninten- tional injury. These, and other unplanned costs arising from an injury or sickness, can quickly accumulate. As the employer, you can help your employees be prepared for unpredicted and unwanted emergencies by adding Disability Income Insurance to your employee benefits program. There aremany cost-effective solutions on the market that will benefit both the dealership and their employees. Not only do disability programs give employees peace ofmind, they can also be viewed as an incredibly valuable added benefit from the employer. Lennox Cornwall is Mid Atlantic District Manager for American Fidelity Assurance Company. He can be reached at 304.702.7399 or via email at Lennox.cornwall@ americanfidelity.com. Life Can Be Unpredictable - Disability Insurance Can Help BY LENNOX CORNWALL