We are all at different stages of life. Some may still be in school finishing up a degree while others are getting a promotion at their current job. Perhaps you know someone who just had a baby or getting a divorce. Maybe your best friend just bought his/her first home. Our life is almost never at a standstill. Although we have our routines and monthly bills, things are continuously changing. Our families, technology, work, and even our bodies change as we age. But, in terms of Disability Insurance, there are three life events that that should create a need to reevaluate our Disability Insurance coverage.
If you get a promotion a work or get a raise your disability benefit will increase. You are going to have more responsibility because you will be making more money. Therefore, you will be able to provide more for yourself and your family. If you were to suffer an illness or become disabled that would be a great loss of income because you will most likely not be able to work. You will have your company’s group disability insurance, but in most cases it is smart to supplement that group coverage with a policy that is tailored by and purchased individually through a Disability Insurance advisor.
Ever Changing Families
Families change often. Either someone is born, someone passes away, or maybe a family member such as cousin or elderly parent is going to be living in your household. If you can not work, your loved ones may still be depending on you to provide for them. Take a minute to reevaluate you Disability Insurance needs. You may find that with your growing family needs it could be a good idea to adjust and further customize your policy.
Buying a House
Buying a home is a big deal. When you do this you increase your expenses and probably are improving your lifestyle. So, if you are not able to work because of injury or illness you will still have to pay your daily bills, mortgage payments, childcare bills, and groceries. Unfortunately, those things do not stop just because you can’t work.
Protect Your Future
Insure Your Future can provide you with a free quote and help customize a policy for your budget and type of lifestyle. The are also various options available to be able to add to your current policy to help you feel more comfortable in securing your financial future.
Call us at (800) 788-8921 to speak to a Disability Insurance advisor or fill out our brief Contact Form to be contacted by an experienced advisor.