Most people don't bother to purchase disability insurance to protect them in case they will not be able to work for six months or more.
Most people would tell you that they already have this type of protection from their work.
But a disability policy will keep your finances above water so to speak.
The main reason you should get disability insurance is to prevent you from financial disaster should you get sick or met an accident and cannot work.
It is common among younger people to forgo getting this type of protection since they are young and the probability of them needing it ranks very low on their to-do list.
What are the odds that you got sick when you are young? That is the main belief that these individuals will think when it comes to getting protection should they be unable to work due to illness.
Disability protection will give you the financial backing when you are sick or have some illness that prevents you from working for long periods of time.
The main reason why you should get disability insurance in the first place is for financial purposes.
This will not only protect you, it will shield your family and love ones from financial hardships in times like this.
Some people do think about pregnancy problems like depression and anxiety which are disabling and could keep you out of work for a while.
This is another reason why you need the protection coverage.
Without this added form of protection, it can quickly drive you into debt.
Unless you are very rich and can live on your own wealth for periods of time without working, then you may probably not need this coverage.
Most of the coverage you got from work will only pay you up to about 65 percent of what you are earning at the time of your illness.
And this is taxable too, so you are looking at lot less than that on your bring home money.
Needless to say this also part of the reasons why you should get disability insurance.
So you need to think wisely and weigh in your options.
Most people would tell you that they already have this type of protection from their work.
But a disability policy will keep your finances above water so to speak.
The main reason you should get disability insurance is to prevent you from financial disaster should you get sick or met an accident and cannot work.
It is common among younger people to forgo getting this type of protection since they are young and the probability of them needing it ranks very low on their to-do list.
What are the odds that you got sick when you are young? That is the main belief that these individuals will think when it comes to getting protection should they be unable to work due to illness.
Disability protection will give you the financial backing when you are sick or have some illness that prevents you from working for long periods of time.
The main reason why you should get disability insurance in the first place is for financial purposes.
This will not only protect you, it will shield your family and love ones from financial hardships in times like this.
Some people do think about pregnancy problems like depression and anxiety which are disabling and could keep you out of work for a while.
This is another reason why you need the protection coverage.
Without this added form of protection, it can quickly drive you into debt.
Unless you are very rich and can live on your own wealth for periods of time without working, then you may probably not need this coverage.
Most of the coverage you got from work will only pay you up to about 65 percent of what you are earning at the time of your illness.
And this is taxable too, so you are looking at lot less than that on your bring home money.
Needless to say this also part of the reasons why you should get disability insurance.
So you need to think wisely and weigh in your options.
Source...