Title: Why Disability Insurance Is The Most Important Financial Product You Didn't Realize You Needed
Headings: Why Disability Insurance Is The Most Important Financial Product You Didn't Realize You Needed
Why Disability Insurance Is The Most Important Financial Product You Didn't Realize You Needed
When you think about the insurance that you need, disability insurance might not be at the top of your list. Here is why you should move it to the top.
What’s Ahead:
What is disability insurance?
Is it worth it?
Why is disability insurance so important?
Disability insurance replaces your income if you get seriously ill
Disability insurance replaces income if you are severely injured
Disability insurance could provide enough income to cover bills while recovering
Disability insurance may kick in if you can still work but not in the same capacity
Disability insurance complements Social Security Disability Insurance
Disability insurance covers short-term and long-term needs
Disability insurance protects your household from a complete loss of income
Where to get disability insurance
Policygenius
Breeze
Summary
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About the author
Eric Rosenberg

Content: However, disability insurance is a necessity for other people – especially those in manual labor or specialized positions like a surgeon or masseuse. If you work in an injury-prone profession, you should definitely invest in disability insurance. Disability insurance is like life insurance. If your family doesn’t rely on your income, then you probably don’t need to buy it. Clint Haynes CFP® of NextGen Wealth said he recommends disability insurance to about half of his clients, depending on their careers and their personal situations. “If you’re the breadwinner, you better have some disability insurance,” he said. Why is disability insurance so important? Disability insurance replaces your income if you get seriously ill
Some of those most common disability insurance claims relate to cancer, musculoskeletal disorders, and depression. While you hopefully never have to deal with any of these unfortunate situations, they are quite common. In fact, one of them is affecting my family right now.