Your income is one of your most valuable assets. It allows you to maintain your standard of living, pay bills, protect your good credit, save for the future, and enjoy life’s simple pleasures. In short, your income provides the foundation for life as you know it. Have you considered what would happen if you couldn’t work to earn your income?
Take control of your income and safeguard your future today, tomorrow, and for years to come with Paycheck Protection Funding from Fund My Life.
Paycheck Protection Funding
Seven out of ten working Americans would not make it a month without a paycheck before facing financial difficulties. Additionally, the average duration of a disabling injury or illness is 34.6 months. If illness or injury ever prevents you from bringing home a paycheck, how would you or your family make ends meet? Paycheck Protection Funding can help by replacing your lost income so you can continue to pay your mortgage, rent, utilities, childcare, and other everyday expenses while also protecting your credit.
Your everyday life and plans could quickly be affected if you experience a cash flow-interrupting illness or injury and cannot work. Many assume there’s already a fallback plan to protect their income but often discover too late that this is not the case. Paycheck Protection Funding from Fund My Life provides a weekly benefit you can use to pay basic expenses, maintain your standard of living, and protect your good credit during a covered illness or injury.
What is Paycheck Protection Funding?
Paycheck Protection Funding is a vital financial safeguard designed to provide individuals with a reliable source of cash flow if they are unable to work due to illness, injury, or disability. This funding serves as a crucial safety net, ensuring individuals can meet their financial obligations and maintain their standard of living during challenging times.
With Paycheck Protection Funding, the insured receives regular payments—typically a tax-free percentage ranging from 50% to 70% of their pre-disability income—if they are unable to work due to covered circumstances. These payments help replace lost income, covering essential expenses like mortgage or rent, utility bills, groceries, and other living costs while protecting their good credit until they recover.
Additional Ways Paycheck Protection Funding Can Benefit You
One of the key features of Paycheck Protection Funding is its flexibility. Clients can often choose the waiting, or elimination, period, which is the length of time they must wait after becoming unable to work before receiving benefits. This period can range from a few weeks to a few months, allowing individuals to tailor their coverage to their specific needs and financial circumstances.
Additionally, you can customize your Paycheck Protection Funding by selecting the duration of benefits. Our plans provide benefits for a specified period, such as two years or five years, or you can opt for a plan with benefits until retirement age or until you can return to work.
Overall, Paycheck Protection Funding offers invaluable financial security and peace of mind, ensuring individuals and their families are protected from the financial consequences of unexpected illness or injury. By providing a reliable source of cash flow during periods of incapacity, Paycheck Protection Funding allows clients to focus on recovery without the added stress of financial uncertainty.
Understanding Paycheck Protection Funding Is as Simple as 1-2-3.
Many people are unfamiliar with Paycheck Protection Funding (PPF) and don’t know where to start when exploring a plan that fits their needs. Terms like “benefit period” and “elimination period” can seem intimidating, but answering these three questions will help make it easier to understand your PPF options and assist you and your agent in designing the right plan for you:
1
How much do you need to cover your basic monthly expenses?
This is your funded “benefit amount.”
2
How long might you need the money to last?
This is your funded “benefit period.”
3
How long could you go without a paycheck?
This is your funded “elimination period.”
Example:
I need $5000,00 per month
I want to receive the money for up to 2 years per claim
I want to start receiving the money within 30 days
Insure what you earn
You insure your home, car, and other valuables—but your current income and future earning potential are more valuable than any possession. Think of Paycheck Protection Funding as insurance for your paycheck.
Keep finances on track
If you are unable to work, Paycheck Protection Funding can prevent you from draining your savings, retirement accounts, and other resources.
Ready to fund your life?
Let Fund My Life provide funding for you and the people you care about.
Let Fund My Life provide funding for you and the people you care about. If you’re ready to secure your future with paycheck protection that includes total and partial disability benefits, contact us at Fund My Life. We provide an online quote and enrollment engine right here on our website so you can self-enroll. Just click the “Fund Now” or “Get a Funding Quote” button to get started, and you can get the coverage you need in as little as 15 minutes—for just pennies on the dollar.
You can also contact us to request multiple quotes from different carriers in our network in just minutes, making it fast and easy to compare plans and get the protection you need. Talk to one of our experienced licensed insurance agents to find out how you can receive $2,000–$10,000 per month in cash flow to help pay your bills, protect your good credit, and maintain your standard of living. We can help you choose a plan that fits your budget and priorities.