If you are like most people, you probably don’t give much thought to
disability insurance, especially if you are young and healthy. You may also
think that you have whatever coverage you may need, between your health
insurance plan and your company benefits for disability. Although disability
is one of the most important policies you can carry, many people either think
they are already covered, or don’t really think about it much at all.
The Coverage You May Have
Many companies offer some disability coverage as a part of their employee
benefits package. You probably do have some coverage available to you, but
the odds are very good it’s simply not enough. Most employee benefits
packages offer a limited amount of disability coverage, usually a percentage
of your salary for a short period of time. In many cases there is no longterm
coverage at all.
If you aren’t even aware of what kind of disability coverage you currently
have, you need to take the time to find out. Ask your HR department for a
copy of the policy and get acquainted with the limits of the policy and what
coverage you actually have. Seeing it written out often makes it immediately
clear that in the case of a serious disability, you simply don’t have enough
Getting The Right Coverage
You can’t count on your health insurance or your company provided benefits
to give you enough to live on in the case of a serious disability. You may not
think it will ever happen to you; still, we are all at risk. An accident, an
unexpected illness; none of us is free from the possibility. And if it does
happen to you, the benefits you currently have are unlikely to provide you
with everything you need to pay your bills and get back on your feet.
It’s up to you to protect yourself and your family with a comprehensive
disability policy that will ensure that an illness or injury doesn’t become a
financial disaster. Your insurance agent can help you to understand your
options and choose policies that will work with your budget while filling in the
gaps left by the coverage you now have.
Choosing the right disability insurance will give you the peace of mind of
knowing that the unexpected won’t leave you devastated and that you will
still be able to provide for your family, keep your home, and take the time to