Disability
insurance policies are needed by everybody
Author:
Ivon T. Hughes
Disability
insurance is usually the last thing people think about. They think of car
insurance or house insurance or life insurance. However, although we spend
a considerable amount of time in our cars and in our homes, the majority
of our time is spent at work. But we don't put much thought into what will
happen should we be injured or contract an illness that will prevent us from
performing our duties. How will we pay our seemingly never-ending bills?
How will we maintain our standard of living? The answer lies in a disability
insurance policy.
Life
is inherently uncertain. You can never be sure of what will happen from one
day to the next. You cannot rely on the fact that your job does not require
much physical labour because accidents and illnesses happen to everyone.
Disability insurance policies afford you peace of mind. Disability insurance
policies can be the difference between paying your bills and defaulting on
them.
You
are much more likely to be disabled than die and therefore you need to have
maximum coverage available whether group and/or individual coverage. Everyone
has life insurance, but not enough have insurance disability policies to
protect them and their families. It is sad but true that you never really
appreciate insurance disability until you need it.
The
number of families without any form of insurance disability policy is staggering
in this country. Most insurance disability policies are quite moderately
priced and are in the price range of most employed individuals. There are
a variety of different policies that have different waiting and benefit periods
which affect your monthly premiums.
Disability
insurance applied for 1 day too late, can mean a completely different life
for your family. If you are contributing $2000 a month towards the family's
monthly costs, you'll need to carry coverage for this amount. If you don't
think you need it, ask yourself where that missing $2000 will come from.
Your spouse? Your children? Or the sale of your home? Your budget needs to
include provison for disability insurance.
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Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001 Email: [email protected]
Web: http://www.trustco.ca
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