Most people look to their future as a source of hope and improvement. But, many do not consider the potential negative turns one’s life could take. We never think about not being able to do the things we love. But, it is always a possibility that something could happen to us where we can’t work, play, and enjoy life’s simplest pleasures. This is where Disability Insurance could be your lifesaver.
Reality Will Hit You
If you became ill or disabled you may not be able to do many things, yet life and your financial responsibilities would continue on. Whether you work with computers, are a lawyer, or doctor, you wouldn’t be able to see clients and earn money. Who would take care of your business and finances?
Let’s face it, your bills, mortgage payments, and child care bills would continue to come in and would need to be paid. How would you do that if you couldn’t work?
Disability Insurance can significantly help you in this type of situation. You will receive money from the insurance company while you can’t work, which will help you pay for life daily expenses. This will prevent you from having to use up your life’s savings, borrow money from others, use your credit cards, go into home foreclosure, or severe debt.
Think about this: how much money would you need to maintain your current standard of living? 1,500/month? 2,000/month? Things like groceries, gas money, and miscellaneous expenses would also need to be taken into account.
Calculating this number can be difficult. Use this Disability Insurance calculator to calculate the income that you would need to support your current lifestyle and could not work.
Whatever amount comes out of your calculation, our experienced advisors can help you customize a Disability Insurance policy for you and your budget that will protect you in the future if one day you are not able to earn an income.
An advisor from Insure Your Future can help you determine how much coverage you would need in a Disability Insurance policy in order to support your current lifestyle if you were to become injured, ill, or disabled and could no longer earn an income. Feel free to give us a call at (800) 788- 8921 to speak to an advisor or fill out our brief Contact Form and we will reach out to you.