Did you ever think you needed disability insurance?

Disability insurance benefits pay your bills when you can’t work. But did you know disability benefits can also maintain and even contribute to your retirement plans. Few workers have adequate savings to support themselves if they can’t work due to a disability. In most cases, savings only last a few short months. For example, a 45 year old worker with an annual income of $100,000 a year would have less than 5 months of pre-disability income as savings to help them meet increased medical and living expenses. U.S. Census Bureau Survey of Income and Participation


What is Disability Insurance?


Disability Insurance replaces your income to help pay your bills if you cannot work due to a covered illness, disease, injury, trauma or mental impairment. Of all the things possible in your financial life today, none is more important than your ability to earn a living. The family home, cars and all your possessions are all paid for with your hard earned money.


So, why not protect the most valuable asset you own?


Your ability to work and earn an income.    


Today’s disability insurance coverage is both affordable and easily attainable with a many disability insurance offerings. There are many good disability insurance policies available from highly rated and financial secured companies.


Understand how easy it is to protect your income with disability insurance. You’ll wonder why you haven’t yet protected yourself from an unexpected financial ruin or major set back.


How bad is it without disability insurance benefits?


Disability can be worse than death by turning an independent wage earner into a dependent with little or no income, but with increased living expenses. You may not be able to work, yet financial obligations such as the debt on your home still need to be paid.  Another problem is that disabled workers have an increased cost in medical care due to the disabling condition.


A disabled worker can not only lose their job, but may also lose other benefits such as medical insurance, which greatly increases the chances of having to file for medical bankruptcy.  


Illness and medical bills contribute to a large and increasing share of US bankruptcies despite having health insurance, as reported in a Harvard Medical School Clinical Research Study. The American Journal of Medicine- June 4, 2009.



Saving for retirement usually ends during a wage earners disability and time is not on your side. As more time is missed away from investing for retirement the more you need to invest increasingly larger amounts because simply there is less time to retirement age. A disabled wage earner loses more than just their current income. Disability during your working years means you will be unable to save for retirement. The problem is that disabled workers will often spend savings during a time of disability.   


Why add these worries to an already difficult situation when you should be focused on your rehabilitation, getting better and back to work.


Disability Insurance can help protect your assets by paying you when you cannot work. Keep your valuable possessions instead of being forced to sell or mortgage your home, assets and other investments to help pay for normal everyday living expenses


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