People who work in a physically demanding job are inclined to have disability insurance. But many people who work an office job don’t give it a second thought. So should you get disability insurance? You never know what could happen. If you don’t prepare, a life-altering accident could keep you out of work and cost you a steady paycheck. Philadelphia Disability Insurance allows you to ensure your ability to earn an income, even if you are physically unable to work. You might think that you are young and healthy and are unlikely to get a severe injury. However, one in every four 20 year-olds in today’s workforce will suffer a disability before retirement. It’s best to prepare early.
What is disability insurance?
Disability insurance is coverage that helps replace your income when you can’t work from an accident or injury. It will only cover about 60% of your income, so it can’t be relied on solely. People use disability insurance for accidents, severe illnesses or cancer, or even maternity leave.
There are both short-term and long-term disability insurance policies for various needs. Short-term disability pays for three to six months, which is what is typically used for maternity leave or complications with pregnancies. If you have a more severe disability, long-term coverage will help you for a longer period of time.
Should you get disability insurance?
If illness or injury strikes, having disability insurance will give you peace of mind. You will know that you can continue to maintain your standard of living, provide for yourself and any dependents, and pay your monthly bills. While it may be easy to dismiss the idea of disability insurance while you’re healthy, that is actually the time when you should be preparing for such a need.
Many people feel they are immune to accidents or illnesses. It is usually not until after an unexpected tragedy that people have to scramble to figure out what to do about their income and career. In those already emotional and stressful times, financial hardship is the last thing you want to be dealing with.
So should you get disability insurance? The short answer is yes if you want to be prepared. There are many affordable disability plans to consider, and Insurance Shops can help you pick the perfect one for your needs so contact us today.