Disability insurance covers your income and healthcare cost in case you are unable to work due to an injury. In the past, it was difficult to obtain disability insurance because of paperwork and the amount of time it took to get approved for coverage.
Who Needs Disability Insurance?
Disability insurance can be a life-saver for those who have a disability. Disability insurance protects you and your family from unexpected financial challenges that can come from having a disability. Disability insurance can cover medical expenses, income replacement, and funeral expenses. To find the best disability insurance, you can visit – https://www.aovonlinevergelijken.nl/.
You don’t need to be an expert to know that disability insurance is important. The Centers for Medicare & Medicaid Services (CMS) reports that as of 2010, nearly 1 in 5 Americans had some form of long-term disability coverage. And according to the Employee Benefits Research Institute (EBRI), more than half (52%) of workers with incomes below $50,000 are covered by employer-sponsored disability insurance.
So, who needs disability insurance? Here are the reasons:
1) You might have a long-term condition that prevents you from working full time.
2) You might experience an injury that prevents you from working at all.
3) Your income might be too low to provide the level of protection that you need.
4) Your family could become financially responsible for your care if you can no longer take care of yourself.
Disability insurance is an important part of any financial security plan, and for good reason.