May is Disability Insurance Awareness Month.
Why is this important to you? If you don't plan on becoming disabled, it is not important at all. However, if you are one of the almost 13% of working age Americans who will report a disability this year*, it is extremely important. The problem is, there is no way of knowing which category you fall into.
Disability Insurance protects your ability to earn an income and support yourself and your loved ones. I have met first hand with hundreds of disability benefit recipients who have told me many different stories that all end with the same line; "I would have lost everything without these benefits."
It is a tremendous blessing to have had the opportunity to meet with these fine individuals. They are a testament to both determination and will, as many worked for years with serious limitations before being forced to stop as their disability progressed. In addition, their foresight in taking the steps to protect their families from devastating financial loss is a great lesson in truly caring for those who rely on you.
Disability insurance gives you the peace of mind of knowing that while you recover, your thoughtful planning will protect you and your loved ones in your time of need. Don't just hope things will work out. Take a moment and plan. It makes all the difference.
* Bjelland, M.J., Erickson, W. A., Lee, C. G. (2008, November 8). Disability Statistics from the American Community Survey (ACS). Ithaca, NY: Cornell University Rehabilitation Research and Training Center on Disability Demographics and Statistics (StatsRRTC). Retrieved April 30, 2009 from www.disabilitystatistics.org
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Several people do not have to worry about spending money on for their individual health related costs or about purchasing insurance due to the fact they stay in locations where their particular governing bodies take care of these people. However, for the majority of all of us, we are much better off opting into a wellness insurance coverage plan, such as a group health insurance plan. But how do you get into a particular of these kind of policies as well as exactly what are they?
ReplyDeleteA group health policy is definitely not for family members or single people. It is ordered by employers who want to supply their useful employees with health protection. For employee to decide into the organization health insurance plan, he / she ought to work a certain amount of period each seven days or far more.
All insurance policies plans are unique. They will are provided at various expenses and will cover numerous varieties of issues. To uncover out what your insurance policy specifics are, you will require to consult your employer about your insurance policy, so you can find out how it will work.
Group Health Insurance Plans
Many People consider disability insurance unimportant but its importance become clear to those who really face the situation but at that time they repent of not buying the one in time
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