Monday, March 24 2014

Disability Insurance: Coverage For The Unthinkable

Most people don't want to think about becoming sick enough that they are unable to work. The thought of an accident that leaves them in a wheelchair or disabled in some other way is very difficult to contemplate. Even though we want to believe that we will always be in top health and able to function, the truth of the matter is that accidents and debilitating illnesses do occur. Instead of being caught between a rock and a hard place and unprepared for the future after a major illness or accidents leaves you disabled, take a few moments to look into the benefits of purchasing disability coverage. This is especially true for high income earners who would suffer a serious set back if they were injured or disabled. A few moments for a dentist to look at dentist disability insurance would save them a fortune in heart ache.

More people are disabled each year than there are fires. While every home owner has a fire protection policy in place, most don't bother to find coverage for the more common threat of a disabling injury. Fires are scary and motivate people to get full coverage but most people don't really understand what happened to the people they see in wheelchairs everyday. Instead of waiting before it is too late, disability insurance can provide hope for affected individuals as they work to reestablish their lives.

Disability insurance won't prevent an accident from occurring or pay for medical coverage or hospital stays. What it will do is provide a solid income stream that lets you pay your bills when you are unable to work. Think about what happens when you don't have a regular monthly income.

1. Your car may be repossessed if you are unable to make the payments.

2. You run the risk of going into foreclosure when the mortgage payment is not available.

3. In a worst case scenario, you may not be able to provide food for your family.

Most people who receive their health care through their employer have a disability insurance policy bundled into the package. Due to the changes of Obamacare, more employers are encouraging their employees to select their insurance policy from the government's list. Those policies typically only cover the cost of health care and do not include a separate package for disability coverage. If you are affected by this, or if you do not currently have a disability policy in effect, you can directly purchase a policy from the insurance company of your choice.

Monday, March 3 2014

Who Really Needs Life Insurance?

If you're like many people, you might think that life insurance is a luxury that you don't need since you'll never actually use it yourself. Perhaps you should reconsider. What happens when a person dies? In most cases, friends and family have a funeral. Funerals are expensive and each passing year  […]

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