Disability insurance may not be one of the first things you think of when considering insurance options, but it is one of the most important types of coverage you can get. While you may have some coverage through an employer, an individual disability insurance policy could provide much-needed protection for you and your family when it matters most.
Why Disability Insurance is So Important
Unless you are independently wealthy, you would probably be financially strained if you lost any part of your income for even a short period of time. If a medical issue were to prevent you from working, or cause you to work in a diminished capacity with a lower income, disability insurance would kick in and replace all or part of your lost income.
What Causes Disability
Accidents of all kinds can happen without warning and it is common to think of a disability resulting from this type of occurrence. But in reality, most disabilities are caused by chronic medical conditions such as:
• Back pain
• Arthritis
• Heart disease
• Cancer
• Depression
• Diabetes
These types of conditions can happen to anyone, at any point in their life, so planning for them financially is a smart move when it comes to protecting your family.
Why Choose an Individual Policy Over an Employer-Provided Policy
Disability insurance is a great component of a benefits package at work, but it makes sense to have an individual policy as well. You do not want to risk losing this valuable coverage if you change careers or incomes. Your individual policy coverage will stay with you as long as you pay your premiums. An individual policy also allows you the flexibility to choose the exact terms that are best for you, instead of being forced to rely on what your employer has selected.
Unless you could support yourself for the rest of your life on your current savings, disability insurance is something you need. Webb Insurance agents will explain all of the options you have available, for short-term or long-term policies, and will help you choose the plan that will provide you with the best protection for your needs. Call us at 847-604-5434 for more information.
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