The Most Important Policy Most People Don’t Have

You know you need insurance to help protect you from the unexpected. You carry auto insurance because you acknowledge the possibility of an accident, theft, or vandalism. You carry homeowner’s insurance because you know a fire or burglary could happen to anyone. You probably have life insurance because you know that if the worst should happen, your family would need to be provided for and you realize that it could happen at any time. And yet, many people don’t carry long-term disability insurance. You know that you are at as much risk as anyone of an accident or illness sidelining you from working, so why not carry coverage to protect you from this possibility?

Another Policy?

With all of the insurance we are required by law to carry or have been told we can’t live without, it can seem like it’s just yet another policy you have to pay for and yet another premium coming out of your bank account, all based on “what if?” Long-term disability insurance is often the policy that falls through the cracks or is simply dropped because people don’t want to pay another premium.

But before you discount disability insurance, consider the reality of what would happen if you were disabled for a long period of time. Your workplace benefits probably give you a small amount of coverage, but when they run out and you still can’t work, what then? A long-term disability policy gives you extended coverage for the difficult situation of an illness or injury that you can’t simply get over in a matter of weeks. Without it, you could lose your home, your car, and your entire lifestyle, all while trying to take care of your health.

The Cost Of Long-Term Disability

If you don’t have an Long Term Disability policy because you feel the premiums are too high or not worth it, take a moment to think about what it will cost you if you do not have the policy and do become disabled. Without your salary, even with whatever benefits you have from work or other sources, your life will change completely. You won’t be able to afford the things you are used to having. Not only will you be facing the difficulty of trying to recover and take care of yourself, you will have to struggle to pay the bill and face the stress of losing things that are dear to you.

Long-term disability insurance is the one policy too many of us do not have that we absolutely need. Don’t wait until it’s too late; give us a call today at 401-433-1111.

Insure Your Pay Check and Protect Yourself with Disability Insurance

When it comes to selecting the insurance policies you need to protect yourself and your family from unforeseen events, you have probably covered all of the basics.  Auto insurance, homeowner’s insurance, life insurance.  Many people never look beyond these main three.  There is one particular policy, however, that is often overlooked and that could prevent you from losing everything in the event that you are unable to work.  Disability insurance is one of the policies that everyone should carry, but in many cases it is overlooked.

 

You Really Do Need It

 

Many people balk at the cost of paying for disability insurance, especially when they are already paying premiums on so many other policies, most of which are not optional.  It is easy to let something like disability go.  However, becoming disabled is a very real risk that each of us faces every day.  Accidents, injuries, illness-there are many things that could leave you unable to work and thus without an income.

 

Disability insurance is designed to protect you in the event of any sort of disabling event that puts you in the position of being unable to earn your regular salary.  You may have some coverage with your employee benefits, but in most cases it isn’t really enough to pay your living expenses and take care of yourself and your family.  A disability insurance policy will make certain you have money to continue paying the bills and living your life in spite of a disability.

 

More Than A Good Idea

 

Most people will acknowledge that having disability insurance is a good idea, and yet many of them still won’t take out a policy.  Much like health insurance, disability insurance is one of those policies everyone wishes they had when it is too late.  You can’t get coverage once you are already disabled.  Sadly, this is the time when many people realize just how important it really is.

 

Disability insurance should be considered just as important as those top three: auto, home, and life.  It truly is a must-have insurance policy that will make an incredible difference should the day come when you need to use it.