Ask yourself this question: If I became seriously sick or hurt and could not work, how would I continue paying my bills? If your answer is that you’re not sure, you need disability insurance. Most people realize the necessity of insuring their homes and lives, but it’s surprising how many do not insure their most valuable asset — the ability to go to work and earn an income.
The statistics for disabilities in America are pretty astounding. For example, the chance of a 35-year-old suffering a disability that lasts three months or longer before age 65 is 50 percent. Those aren’t odds you should bet on with your financial security. Disability insurance protects your paycheck if you lose earned income due to a major accident or illness, and it is a critical component of the rock solid foundation of your financial house.
Without disability insurance, you are risking your financial future and well-being. How will you continue to meet your financial obligations if you have no income? Your savings will only last you for so long, and do you really want to deplete all of your emergency fund? Then what? Are you going to go into major credit card debt? How are you going to save for other important financial goals, such as college for your kids and your retirement?
If you’re thinking this is a lot of questions, you’re right. Without disability insurance, you not only take arisk of losing out on earned income and putting yourself in serious debt, but you also risk your emergency fund not being available for the emergencies that can’t be insured, like losing your job or having to take a long leave of absence to care for a family member.
Snider Advisors is proud to offer you solutions for your disability insurance needs . We will look at your entire financial picture and design a policy to fit your specific situation. We represent several well-known carriers, and we’re happy to provide a complimentary quote comparison for you.
