Disability – It Won’t Happen to Me!

Disability – It Won’t Happen to Me!

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Frustrated Couple With Woman In Wheelchair Reading Insurance Bill

Why Do I Need Disability Insurance?

The answer is quite simple and straightforward. It is far and away from the most important piece of insurance that every working American should own.

So why then is there such an extreme emphasis in this country on other products like medical insurance and life insurance while disability fails in comparison?

Don’t get me wrong, life insurance and healthcare are critical to everyone’s financial protection and should be held in esteem in a sound financial plan – but more so than disability income insurance?  Not a chance.

If you are between the ages of 18 and 70 and earn a regular paycheck, you need at least 65% of your income protected with comprehensive “own occupation” disability insurance.  How else can you afford to pay your bills should you become sick or disabled? When you’re young and healthy imagining a situation where you can’t physically work is really difficult for most people, especially when their pay earning is received automatically. That’s why so many people eventually find themselves in a situation where their income becomes nonexistent with nothing to replace it.

The Importance of Disability Insurance

Most Americans suffer from the delusion that they will not be disabled during their lifetime. Unfortunately, the reality is quite different.  Over a quarter of working Americans will be affected by a short or long term disablement during their career.  Yet, only 31% of those working in the private sector have any form of income protection insurance.

Why do we feel impervious to accidents and to the thousands of medical conditions and diseases that can harm the human body to the point of disability?  Well, that is just human nature to feel impervious.

And that is when most of the problems take shape, in the first two-thirds of our lives.  We don’t save enough of our earned income.  Expanding retirement vehicles have brought promise over the last quarter-century, but Americans still don’t save enough for emergencies let alone retirement.  One-third of us have no retirement savings, and 48% of us don’t save any annual income.  How can we expect to financially survive in this world while supporting our families without any savings or income protection?  We can’t.  People need personal disability insurance.

Personal disability insurance is available to anyone and everyone who works for a living, employers and self-employed professionals included. The question we all need to ask ourselves is…

What would you do if you couldn’t work? How far could you go without a paycheck?”

How to Get Disability Insurance

Ask us about how to protect your most valuable asset, your ability to earn a living, and we’ll help you navigate the complexities of disability insurance in order to provide a safety net for your future.

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