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Many
people never insure one of their most important assets…their income. If you
are seriously injured or become violently ill, chances are you will be unable to perform the duties
of your regular occupation. These major illnesses and accidents
will, many times, force you to be laid-up in a hospital, for
months (or years) at a time, feeling completely helpless. On
some occasions, you may never recover.
However, just because you are in a hospital, doesn't mean that
your bills don't need to be paid. If you're not working,
where are you going to get your source of income?
Somehow, you are still going to need to provide support for yourself
and your family.
Unfortunately, many people resort to either
draining their retirement savings or selling their house (or
both!). If
fact, according to the National Safety Council, nearly 40% of all
home foreclosures are due to a disability. But it doesn't
have to be this way... And disability insurance is a very effective method for substituting your income while you are
unable to work.
Business owners can also apply for additional Business Overhead Expense
insurance, that will cover some of the overhead expenses your business will
need to pay while you are disabled.
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