Insurance is an integral part of our lives starting from life, accident, health, automobile, travel and property insurance but did you know about disability insurance? Many people do and many don’t but that’s understandable because there is some kind of insurance fatigue in people considering that there are so many to pay for. Each of these are important in their own way but insurance to cover your disability concerns is a different ball game altogether. In the event of disability resulting from an accident or illness requiring a long recovery time, your ability to work and earn a livelihood gets affected. Simply put, when you don’t work, you don’t earn.
When you don’t earn, you can’t pay your bills
Life is all about paying bills and it’s a never-ending story if you consider the number of bills that you pay every day, week or month. You are able to pay off those bills with what you earn through hard work. Whatever you purchase and pay for depends on how much you earn.
Have you ever read disability articles or considered a situation when you may end up with some or other kind of disability and are not able to work? That’s quite dreadful to imagine but sadly it is something real that a lot of unfortunate folks go through at some point of their lives.
Sustain your earnings when you’re not working
Thankfully, there is disability insurance to cover you whenever you get disabled due to a mishap, an accident or an illness requiring a long recovery time. If you read disability news stories you will know that people who opted for such insurance have survived periods of no work and no income due to disability without any difficulty.
Disability insurance provides income replacement coverage when you are down and out and are not able to work or earn a livelihood. That’s when your little investment in this insurance policy will compensate you for the smart decision you had taken following the advice of a broker advisor, to make this investment.
Awareness campaign to inform about disability insurance
There are many people like individuals working in a marketing agency in New Mexico who still refuse to appreciate the fact that disability is a real possibility in their lives. Consequently, they refuse to make any investment in an insurance policy that promises to provide them with unhindered income if they are not able to work due to disability.
As a result, insurance providers observe disability insurance awareness month in May every year to inform people about the importance of this insurance. They do SEO in Smithtown, NY, and run promotional campaigns to show case studies of people who survived long periods of disability and no income only because they had this insurance cover.
If you haven’t taken this policy yet, speak to your broker agent advisor and get it as early as you can. It’s a small investment if you make your choice of compensation amount and duration of benefit rationally. Remember that you cannot hope to replace your entire salary with a disability insurance policy. However, you can get enough to pay your bills and meet all your basic needs during this period of disability.