Having Disability Coverage Is In Your Best Interest


Ethan Kalvin

Did you know that by the time you reach age 35 you have a 50% chance of missing up to three months of work until you retire. This means that half of the people who are working steady employment are likely to find themselves unable to work for a 3 month period or more between the ages of 35-65 and that means that you also have a pretty good chance of being hit by an illness or injury that could leave you unable to work for a period of time.

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For most folks getting a little time off because of illness isn’t a great big hassle. Generally FMLA allows time off in a situation like this. The issue is usually a monetary one. Living from one paycheck to the next is typical for so many of us. If it is the case for you as well then disability insurance is something that you need to think about. It is the simplest way to keep your family afloat during such times.

Most people that work don’t have any type of disability insurance. Even those people that have other benefits and coverage. It really isn’t something that people worry about as much as they should. It is worrisome because there isn’t much out there to help if you are out of work for a long time. Even if your injury disables you it takes a long time to actually get social security disability. In most cases it takes several years. Most people couldn’t survive going years without a paycheck.

Even in situations where a person is seriously ill it can take up to 6 months or more before you ever see a dime from Social Security and in the mean time your bills will be stacking up. Workers compensation will only help you if you are injured on the job and even then you need to prove it so this will only help a small portion of those who are out of work.

There are a few different types of disability insurance offered. Some will protect you for a short limited period of time. If you need more time off after that time period is up you are out of luck. It is smart to get both short and long term. It gives you the protection that you need. These sorts of policies are generally very low cost compared to other types of insurance and are likely much cheaper than you realize.

If you grab a few

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you will find them very helpful. You will quickly see that you have different options about

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