Accidents and illness are a part of life. Having disability insurance is security to your earnings in case of an accident or illness that leaves you unable to work or earn income. Having disability insurance provides income during the period you are unable to work.
Further Reading:
Who Does It Benefit?
Those looking to protect their family from possible financial disturbance if suddenly unable to work due to illness or injury.
How Does It Work?
You might have a form of disability insurance via your employer, however, this coverage often times does not meet all your needs. Having disability life insurance provides you with more options and is adaptable to protect more of your wages. If unable to work due to illness or injury, you would receive a monthly payment (after a pre-determined waiting period).
How Does It Work For You?
If you are unable to work, your financial responsibilities don’t stop. So, having disability life insurance works when you can’t. It provides you with a monthly income to help cover your ongoing costs. That way you are still able to provide for yourself and your family. It helps maintain your lifestyle until you are fit to work again.
Protect Your Retirement:
If not protected by having disability insurance and you are off work for an extended period of time, you may run the risk of dipping into your retirement savings. Having disability life insurance replaces a percentage of your wages, so you don’t touch your savings.
