Is Disability Insurance a Necessity?

The thought of not being able to work again due to an illness or injury isn’t a thought that we like to keep on their minds. But, have you ever considered what your life would be like if you had to stop working due to those reasons? People around the world are insured in an effort to protect assets such as their homes and cars but often forget about protecting themselves. Disability insurance can help protect you if your health fails or a serious accident happens. Here are some tips to get you to thinking about disability insurance and how it can be beneficial to you.

  1. It can always happen to you. We never know if a life changing injury or illness could stop us from working in our lifetime. It’s important to plan ahead, just in case the unthinkable happens so you’ll be taken care of financially. Disability insurance is a form of income protection.
  2. If you still have a crucial need for income, disability insurance is something to consider. Having to take a lengthy amount of time off work, or quit completely, can have serious effects on your finances. Having disability insurance can be a source of relief and protection.
  3. Something like a car accident is a definite reason for needing disability insurance but there are also other illnesses or injuries that many don’t consider but they apply. Arthritis, diabetes and heart disease are some illnesses that fall under disability insurance. Knowing small facts like that can possibly come in handy.
  4. If you have a current medical condition that you expect could become worse over time, having disability insurance can be reassuring and help replace missing income in the future.

Reed Street Insurance Agency can help you find disability insurance that best fits your needs and price points. Contact us for a quote footwear | New Balance 991 Footwear