Who needs disability insurance?
Hopefully by now you’ve made Valentine’s Day arrangements to do something thoughtful for that special someone. In addition to the roses, fancy dinner or whatever else you had planned, might we suggest something a bit more, shall we say, hugely important?
With absolutely NO offense to chocolate, let’s talk about income protection.
Income Protection Is Kinda Romantic, When You Think About It
How many of us would, theoretically, do or give anything to protect our loved ones?
We work hard every day to provide for their needs. We scrimp and save. We would step in front of a bus to save those dearest to us, and yet how many of us have not take the simple step to procure something profoundly protective and important for a happy and health financial future?
Something like disability insurance?
Disability insurance is the best way to ensure income protection. It’s purchasing peace of mind. It is a thoughtful, long-term investment that can shield your family from financial ruin and life’s unexpected curveballs. You can think of it as a guaranteed paycheck continuation that comes to the rescue in the event you get sick or into an accident that knocks you out of work.
As we approach the holiday we have created to honor romance, caring, and love, here are a few more good reasons to have disability insurance.
Because You Can’t Count On Government Programs Alone
If your plan is to rely on a government bailout in case of injury or illness, don’t count on it.
About 70 percent of all initial Social Security Disability claims are denied.
Unless you have a severe, possibly life-threatening illness, it’s difficult to win Social Security Disability benefits. You can learn more about that here.
To be safe, and to protect your family, it’s best to seek coverage elsewhere.
Because Life Is Full of Surprises
You never know what the day will hold. A sickness, a crazy injury at work, an untimely accident. Sometimes all it takes is a sneeze.
Before you know it, you’re unable to work and earn a paycheck. What’s your plan? What would you do about finances if something were to happen to you today?
Because You Have Loved Ones Counting on You
If you have a dependent, or someone who counts on you for support, consider the possibility of not being able to work. Consider the impact it would have on your loved ones if your income were to suddenly evaporate.
Income protection can keep money coming in and help you continue to care for the people counting on you, even if you’re unable to work.
Now that is a priceless gift of love we can all afford.
In fact, what we can’t afford is to not to make some sort of plan on behalf of the ones we love, right?
So whether you seek income protection through employer-paid group coverage, individual disability coverage, or an employer-sponsored policy that you pay for, purchasing disability insurance is an investment you’ll never regret. It’s an investment your family or loved ones will never regret, either.
Have a look at our member companies to begin the process of finding a policy that’s right for you and yours.
image credit: shutterstock
About Council for Disability Awareness
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