A good Disability insurance plan protects your financial life

 

Simply put, Disability insurance provides financial protection when you can’t work because of an accident or illness. Without disability insurance, you may struggle to pay your bills, cover medical expenses, and maintain your standard of living when you can’t work.

 

What causes a disability?

Simply put, a disability occurs when an accident or debilitating illness makes it impossible for you to perform the normal duties associated with your job.

What is your greatest asset?

Your greatest asset is getting out of bed every morning and going to work.

A simple head cold or a slightly sprained ankle will interrupt your daily work for a short time, but you should heal quickly.

The problem

Financial problems arise when the head cold turns into a severe case of Covid-19, or the sprained ankle becomes a devastating fracture. And let us not forget an increase in the types and severity of cancer and heart disease.

Disability insurance can provide you with income replacement. It replaces a percentage of your salary when you become disabled and can’t work. This can help you maintain your lifestyle and cover expenses while you recover from illness or disability.

 

Many people mistakenly believe that disability insurance is only necessary for those with physically demanding jobs or those who work in hazardous conditions. However, disability can happen to anyone at any time, and even desk jobs can lead to injuries or illnesses that result in disability.

 

In short, disability insurance provides important protection and peace of mind, ensuring you and your family are financially protected when you can’t work because of a disability or illness.

 

About the author

Eustace L. Greaves, Jr., LUTCF, is an NYS-licensed Independent Insurance Agent and Broker. He has 43 years of experience, including 30 as the owner of Bridge Insurance Agency.

Like to speak with Eustace?

Eustace wants to assist you with your one-to-four family dwelling, life, flood, disability, renters, auto, cooperative, condominium, landlord, and wedding insurance needs. You can reach him at his mobile number,  718-489-2218, his office number, 718-783-2722, or by email at eustace@greavesinsurance.com. Or visit his website, https://greavesinsurance.com, and complete any of the available “Contact Us” forms.

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