The time to prepare for a disability is before it occurs. At First Hawaiian Bank, our wealth advisors will help you prepare for unforeseen events by developing a comprehensive financial plan to protect you and your loved ones. Depending on your needs, this plan may include an appropriate amount of disability insurance to ensure that you can enjoy your standard of living even if you are no longer able to work.
According to the National Safety Council, a disabling injury occurs every second and almost 90 percent of disabling accidents and illnesses are not work related. If you have proper health insurance, it should cover the majority of your medical costs, but it won't replace lost income.
If a disability prevents you from working, your personal savings can be quickly depleted. Disability Insurance is designed to replace wages lost due to sickness or injury, and it is the best way to protect against financial catastrophe.
Disability policies are written to cover either a short-term disability with benefits paid for no more than two years, or a long-term event that pays benefits for the rest of your life. Waiting periods range from as little as 0-14 days to several weeks or several months.
Our wealth advisors work with insurance specialists to help you select a policy that meets your needs as well as your overall financial plan. We help you prepare for the unexpected so you can enjoy all the comforts and quality that you’ve long planned for and well deserve in your retirement.
For more information, call us at (877) 643-4344 or visit any conveniently located First Hawaiian Bank branch and ask to speak to a Wealth Advisor.