In our experience at Innovative Insurance Group, everyone would like to believe they will remain healthy well into old age, but unfortunately this will not be the case for a significant number of us. The unfortunate truth is that anyone can become disabled at any time, so it’s important to take steps to protect yourself should you become unable to work. Our team encourages you to invest in long-term disability insurance for just this reason, and in this article, we’ll go over a few more reasons why doing so is a smart move.
- Accidents Can Happen to Anyone – The first reason why we encourage you to invest in long-term disability insurance is because accidents can happen to anyone at any time. Even if you are fit and healthy now, you could still experience a disabling injury due to a car collision, workplace accident, or other scenario. Should you become too injured to work, your long-term disability insurance will provide a payout to help you stay afloat financially.
- Illness Can Happen to Anyone – The second reason why we encourage you to invest in long-term disability insurance is because health is unpredictable, and even young and healthy people can become seriously ill. If you experience an illness that leaves you unable to work for a time—for example, if you are diagnosed with cancer—then your long-term disability insurance will help replace the wages you are losing during that period.
- Better Safe than Sorry – A third reason to invest in long-term disability insurance is for your own peace of mind. It’s better to have this coverage and not need it than to need it and not have it. This is especially true if other people rely on your income.