What if I become disabled and unable to work?
Disability can occur for a number of different reasons and affect a number of different circumstances.
If you are injured on the job you may be eligible for worker's compensation, but you should check to see which coverage options your employer provides. The Insurance Information Institute estimates that 53 % of those who are at least 40 years of age, will experience a long-lasting disability (90 days or more).*
Social Security can be drawn on in the case of a disability but is usually reserved for disabilities that will last for longer than 1 year. Additionally, however, disability insurance can be purchased. Disability Insurance protects against financial losses that occur due to an injury or illness.
If you have more questions about Disability insurance please contact me at any time. I can help you decide whether it is currently a part of your policy and if it is an option that you should consider.
* http://www.iii.org/individuals/disability/lossofincome/
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