Insurance can be great protection against the unexpected, but it’s wise to evaluate your needs annually to make sure you have the right amount of insurance in the right places.
Life insurance may be a good place to start. If your family is growing, you might want to increase the amount of your insurance to protect your loved ones from a devastating loss of income. On the other hand, most people find that as they get older — and their net worth climbs and their children reach adulthood — they need less life insurance. The considerations surrounding disability insurance are similar.
Without coverage, an injury that keeps you out of work for a week or a month could snowball into a serious financial issue if you don’t have enough savings to support yourself.
Odds are you’ve spent long hours finding the right auto or homeowner’s insurance. But what about disability insurance, which would replace lost income if you were unable to work?
In the case of injury or illness, it can be a lifeline — whether you’re laid up for a week or more than a year. Beyond replacing income, the right policy can help you pay for disability-related costs that aren’t covered by health insurance, from specialized medical equipment to home-based medical care. Without coverage, an injury that keeps you out of work for a week or a month could snowball into a serious financial issue if you don’t have enough savings to support yourself.
If you are looking for the lowest cost insurance providers in your state, please contact us, we are a national independent insurance broker, we will find the lowest cost insurance carriers for our clients everywhere in the U.S.