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There is a very good chance that any person around the age of 35, that works, could miss anywhere up to 3 months before they eventually end up retired. That could mean that there are 3 very lean months without a paycheck coming in. For many of us being without a paycheck is very serious business. There are many ways that people can get injured either at work or at play and it doesn't take much of an injury to put you temporarily out of business. 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. Now there are a large number of people who are working who don't have this type of insurance coverage and for sure some of them will find themselves in a situation where they are unable to work for a period of time. Of course, you are probably thinking that if you become disabled that Social Security Disability will kick in if you are not getting paid but you may be surprised to learn that this type of help is not only difficult to get most people have to apply and be denied several times before getting an approval. 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. Disability insurance can be long term or short term but both are truly recommended because depending on the injury and the policy you may be able to collect more if you can claim long term disability over short term. The good news is that the premiums for these policies are actually minuscule in comparison to those of other insurance policies but can be a true lifesaver if you face a health issue that prohibits you from working. When you are employing health insurance, there is no reason to fear medical surprises. Quality medical insurance is one of the nicest safety nets to have for anyone.
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disability insurance, insurance, disability health plan,
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