Why Disability insurance is so important?
Why disability insurance is so important? (especially for self employed)
Disability insurance is designed to provide financial protection to individuals who become unable to work due to a disabling illness or injury. It provides a source of income to help pay for living expenses such as housing, food, and medical care. There are several reasons why disability insurance is important (especially for self employed and business owners):
Protection against loss of income: If you become unable to work due to a disability, disability insurance can help replace lost income so that you can continue to pay bills and maintain your standard of living.
Employer-provided benefits may not be enough: Many employers offer disability benefits as part of their employee benefits package. However, these benefits may not be enough to cover all of your expenses, especially if you have significant medical expenses.
Disability can happen to anyone: Disability can happen to anyone, regardless of age, gender, or occupation. In fact, statistics show that one in four workers will become disabled at some point during their working years.
Peace of mind: Disability insurance provides peace of mind, knowing that you and your family are financially protected in the event of a disability.
Overall, disability insurance is an important tool for protecting your financial well-being in the event of a disability. It can help ensure that you have the resources you need to maintain your standard of living and provide for your family.
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