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Learn Why You Need Disability Insurance

I get it; you are healthy. You are young. You have a successful career. You may or may not have started your family. Why think about the daunting idea of disability insurance and furthermore, why have it?

Why? Because you NEED your income and beginning becoming disabled is not something your “young age” will save you from getting.

Think about this: one of your most valuable assets while young is your ability to earn an income. When surveyed, people ranked their top three important things in life as having a home, having their health, and having an income. If the threat of one is at stake, all are at stake. If your health declines, you’re unable to go to work thus lowering your income and threatening having a roof over your head for a home.

This brings up a very important question: what are you doing to protect the things that are the most valuable to you? How do you protect your home, health, and income?

The answer is simple: disability insurance.

Disability insurance can be purchased through your workplace or individually. It can provide an affordable financial safety net; a way to protect you and your family’s way of life. When you think about your daily expenses – the mortgage, utilities, food, gas etc – think about what you’d be able to pay if you were disabled short term or long term. Disability insurance gives you the peace of mind to not worry about a total loss of income should something happen.

Realistically, the odds work more in the favour of something happening to put you out of work, if even only briefly. Think about this: you have a 1 in 259,000,000 that you will win the lotto jackpot, but you have a 1 in 4 chance that you will be disabled during your career. With gambling odds being 25% against you and the protection of your family is at stake, disability insurance is a safety net worth having!

Talk to your employer about your options for disability insurance to find the best solution to for your individual needs.

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Disability Insurance Awareness

Disability Insurance Is Vitally Important

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We have gathered information to help you look at your risk of income interruption and the value of disability insurance.

Purchasing disability insurance is insuring yourself: your experience, skills, and ability to work normally. Ultimately, having disability insurance is having protection for yourself and your family; it can mean the difference between surviving financially or facing an imminent catastrophe.

While the detailed information for each policy will vary, understanding the importance will help you make the best decision for yourself and your family financially.

How would you / your family survive financially if you were unable to work for one week? What about a month or more? A harsh reality is that most American’s are living paycheck to paycheck; having a savings of more than a few months of salary set aside takes time to build.

What disability insurance does is replace some of your income so that you can still pay your bills monthly. Disability insurance may even pay a portion of your income if you are only able to return to work part time as well.

Your initial thought may be “I’m healthy. I’ll be careful and not get disabled so I don’t need disability insurance coverage.” However, think about this statistic from the Social Security Administration: 25 percent of today’s 20-year-olds will become disabled before the age of 67. A disability may not be the result of a major, once-in-a-lifetime accident or injury. For most people, disabilities find a way to slowly sneak into their lives by hiding through common health conditions.

To help drive that point further home: last year the Council for Disability Awareness did a study asking people under the age of 40 to guess their likelihood of becoming unable to work due to illness or injury. In this study, 10 percent of workers stated that they were more likely to win the lottery than be unable to work due to illness or injury.

In reality, there is a 1 in 259,000,000 chance of winning the lottery jackpot and a 1 in 4 chance that you may be disabled during your career.

You read that correctly: a 1 in 4 chance.

After the likelihood of becoming disabled during your career sets in, the value of having disability insurance becomes even more evident. Protect the financial future of yourself and your family with disability insurance.

Please consider talking to an agent from the BeneChoice Companies today.

Kindest regards,