The purpose of insurance is to help you deal with risk. The principle behind insurance is that you make a monthly payment to your insurer in case something bad happens, then if something does go wrong, your insurer will pay out of its fund to cover the associated costs. For example, you can pay into a life insurance fund, and then when you pass away, the insurance company will give a large payout to your family to help them deal with their expenses. Long-term disability insurance works in a similar way, and we at Innovative Insurance Group encourage you to invest in this kind of policy. Keep reading to learn a few reasons why you should get long-term disability insurance.
- You Can Become Disabled at Any Time – There’s a saying in the disability community that there are only disabled people, and then there are people who are not disabled yet. You can suffer a disabling injury or illness at any point, so it’s important to be prepared for that possibility. We encourage you to invest in long-term disability insurance in case you suffer a serious health problem which affects your ability to work and live independently. The coverage will help with the costs of your care.
- Disability Insurance Protects Your Income – As we mentioned above, becoming disabled can seriously affect your ability to work, which in turn will affect your income. Long-term disability insurance includes payouts to cover lost wages, so it will help you stay afloat financially in the event of such a medical event.
- Protect Your Peace of Mind – Lastly, investing in long-term disability insurance provides valuable peace of mind for you and your family. With such a policy, you can rest assured you will have a safety net in the event of a life-changing illness or injury.