Three reasons why you need disability insurance in 2020

Most people know to have adequate amounts of life insurance, or insurance for your car or home. But did you know you also need disability insurance?

Disability insurance is money you receive if you are injured or ill and cannot work.

The odds of you becoming disabled – even temporarily – aren’t negligible, and if you have dependents, you should be thinking about getting disability insurance in 2020.

Why? Here are three reasons. Read on:

You could lose your home or car

If you are disabled and unable to work for weeks or months, could you really survive on your savings or even one income (provided you have a spouse or partner)? If the answer is no, consider insurance for ifyou become disabled. It can give you the funds you need to survive – and keep your home and car.

You are self-employed

If you are self-employed, you likely don’t have a company that is willing to work with you – or that offers – disability insurance policies or medical leave options. If you work for yourself, you don’t have sick time, right? It’s even more crucial for those who are self-employed to have insurance in case something happens!

You have a risky job

If you have a job that carries some degree of risk (or is extremely physical) you definitely need to have insurance. Professions like firefighters, police officers or those who do heavy lifting for example are more likely to become injured on the job – and need a little help getting by. Make sure your employer doesn’t offer policies. If they don’t, get your own through an independent insurance agent.

Skip Ivery Agency knows disability insurance

If you are wondering what your options are in regards to disability insurance, the experts at the Skip Ivery Agency can help. We’d love to talk to you about what plans we offer that best fit your needs, so contact us today!