Disability

Prior to age 65, as many as 1 in 3 people will become disabled for a period of 90 days or even longer due an unforeseen accident or illness. In light of that statistic many people still have common misconceptions about purchasing Disability Insurance Plans. These misconceptions include:

  • “I am a healthy person…I do not need Disability Insurance.”
  • “I know people get disabled, but it won’t happen to me.”
  • “Even if I do get disabled, it won’t be for that long.”

The average of disability claims lasting longer than 90 days is 2.9 years. Which leads to the next questions, are you protecting your greatest asset? Disability Insurance protects your financial well being by supplementing your income in the event that you become disabled and cannot work.
When obtaining a Disability Insurance quote there are several important questions you should note:

  • How much money do I need each month to pay my expenses?
  • How long will my paycheck continue if I become disabled?
  • How long will my savings last, if my income stopped today?
  • How will a long-term disability affect my pension?

Through identifying your financial needs, an insurance company will better understand what disability benefits are right for you. Whether your disability is sudden or because of a degenerative condition, the fact is your income stops but your bills don’t. Prepare yourself for the unexpected by obtaining Disability Insurance before the unexpected strikes.