Frequently Asked Questions
"Is Disability Insurance For Everyone?"
Answer: No, but this answer has to be qualified. The need for disability insurance must be established first. While there are a wide variety of reasons why someone should consider the purchase of disability insurance, the primary reason is indisputable. If the loss of income from a disabling illness or injury would create a financial hardship for your family, you probably need to consider disability insurance. Here are a few additional questions you might ask yourself to further assess how a well thought out disability insurance program might ease any angst caused by your answers:
- How would you pay your monthly obligations?
- How long would your savings cover your monthly obligations?
- What would happen if your disability became long-term, or even permanent?
Fortunately, there are a wide variety of programs and specific policy features that could provide you with peace of mind at a very reasonable cost.