Guardian Disability Insurance for Accountants

What are the Chances?

Most accountants ask us, "Why do I need disability insurance? What are the chances I'll use it?" You are familiar with numbers, and it has to be reconciled for something to make sense.

  • More than 25% of today's 20-year-olds will become disabled for at least a year before age 65

The reality is that most disabilities are illnesses, and illness doesn't care what you do for a living. Even though you have a safe job where you are unlikely to experience a disability at work, you still need to protect your income from things like cancer, heart disease, stroke, and other illnesses.

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Two Jobs - Which do you choose?

Let's look at the cost of disability as you might as an accountant. Let's say you're looking to change jobs and you have two options. Let's assume that both jobs are in a similarly nice part of town, great office space, and similar benefits with one exception:

Happy couple taking a picture outsideJob A

  • Income while working: $100,000
  • Income if sick or hurt and unable to work: $0

Job B

  • Income while working: $98,300
  • Income if sick or hurt and unable to work: $60,000 tax-free

Which job would you choose? 

Having advised thousands of people on disability insurance for over 20 years, we've never had someone say they would opt for Job A. Job B is the job that provides disability insurance, and the $1,700 per year difference in income is the approximate cost for a disability insurance policy.3

Get Paid More for Disabilities Related to Certain Illnesses

Since most disabilities are illnesses, not accidents, it would be nice to have your policy pay you more for illnesses. Guardian has a built-in feature to their ProVider Choice policies that does just this for certain illnesses. 

The Serious Illness Supplemental Benefit Endorsement will pay you an additional 50% of your monthly benefit on top of your regular monthly benefit for up to 12 months over the life of your policy if you become totally disabled from cancer, a stroke, or a heart attack.

1. Individual disability income products underwritten and issued by Berkshire Life Insurance Company of America (BLICOA), Pittsfield, MA. BLICOA is a wholly-owned stock subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Product provisions and availability may vary by state. 2.  https://disabilitycanhappen.org/overview/ 3. ProVider Choice Select policy in Maryland. 45-year-old, class 6, male, $5000 per month benefit, 90-day elimination period, to age 65 benefit period, with the only option being the basic partial rider.

7207212.1 Exp: 10/30/26