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Who Needs Disability Insurance?

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Who Needs Disability Insurance?

Any insurance policy is designed to protect the policy owner from suffering financial loss when their life is changed by a disastrous event. But what happens when life is changed because of an injury or illness  and you have to stop working in order to recover? The answer is without a disability insurance policy the injured will lose money and will not be able to pay their bills.

Disability insurance is a product that is designed to protect people from life changing disasters and financial destruction. If you end up getting hurt or sick and can’t work,  you will end up with some pretty serious medical bills and a loss of income. The person who got hurt may feel that the source of the injury should be the one who pays for their injuries. While that may be true that the responsible party should care for the expenses of the injury the truth is it will take a long time for the issue to be settled in court. While you are waiting for the settlement your bills will continue to pile up. If you had purchased a disability insurance policy, you would have an income to meet the expenses of everyday life.

The benefits of a disability policy are fairly simple.

  • The protection that it gives to the policy owner is priceless. The policy helps by keeping the st andard of living close to what it was before the injury. It pays wages that would otherwise be lost because of lost hours..
  • The money the policy pays is allowed to be used for the expenses of everyday life. It can be used to pay for food, overdue bills or any other expense that you may have.
  • Depending on the policy it can also cover rehabilitation needs of the injured.
  • The coverage amounts can continue as long as the individual is still under medical care. The coverage usually ends when the policy owner can return to work or is released by the doctor.
  • The policy pays for the medical bills of the injured. It will pay for all the scans and test that are needed to help the person get well.

This type of policy should also be purchased by anybody who works and has the potential to get injured or ill, which is, well everybody!  No one should lose their income and way of life because of an injury or serious illness.  Talk to one of our agents today.

Karl Susman, Susman Insurance Agency

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