Why you should consider having disability insurance coverage.
It’s human nature not to think about all the possibilities of what could go wrong in life. We tend to underestimate the chances that misfortune will come our way. We often skip over the idea of life insurance and the same applies to disability insurance. In essence, we just don’t think the worst will happen to us.
Disability insurance is designed to protect against loss of earnings due to a job loss. Short-term provides you with payments if you are out of work for an extended period due to illness or injury. Long-term disability is designed to pay out if you are permanently unable to return to work. Take a look at these reasons why you should consider disability insurance coverage.
You have debt obligations. If you have a mortgage, car payment, or student debt obligation, what would happen if you lost your source of income temporarily? Disability insurance may be the only thing protecting you from delinquency or even foreclosure on your mortgage.
You have dependents. If you’re single and childless, you might not need disability insurance – as long as no one depends on your income. If you do have dependents, it’s a good idea to protect them with disability insurance so that they can continue the same living standard if you are too ill or injured to go to work.
You work in a risky profession. Keep in mind that all individuals face the risk of becoming disabled, even office workers. After all, accidents happen even in the safest of places. However, those in risky professions face a much higher risk of disability than those in safer professions. If you work in a manufacturing job, you may become disables or ill due to stress and strain on your body and not just accidents.
Ready to get started? Finding the right disability insurance policy that will best meet your needs is easy when you contact Donald Weiss Insurance Services. As an independent insurance agency serving California and Nevada, we will help you find the perfect policy for your specific situation, all at the right price to fit your budget!
