Think you don’t need disability coverage? Think again. We draft a will and estate plan and purchase life insurance. Few of us consider disability insurance – the coverage that can help us maintain our income and quality of life while we are alive.
A fate worse than death? In financial terms, maybe. Statistics form the Social Security Administration show that a quarter of Americans in the 20s may become disabled before they reach age 67. Consider this – when you die, your income stops. So do your expenses. If you are severely disabled and cannot work, your income stops, but your expenses do not. In fact, due to the cost of medical treatment, your expenses may even increase.*
Will the government take care of you? Many disabled people discover that they don’t qualify for state assistance. Others find that the amount or length of coverage available is not sufficient to support them. It’s an all-too-common story.
It’s time to start thinking about disability insurance. We’d all like to believe that we’ll never be disabled. The reality is that it could happen to you. If it does, will your family be taken care of? Will you be prepared? May is Disability Insurance Awareness Month, so why not find out about the options that are right for you. Please contact us today at The Musuneggi Financial Group.