Disability Insurance and You

Disability insurance is a coverage that is occasionally overlooked, thought of as something that will seldom be utilized, and thus, unnecessary to purchase. Many of us view the possibility of an injury or disability as some sort random occurrence, with a minor likelihood of actually affecting our lives. On the contrary, statistics prove that disability insurance is not only favorable but also largely essential. In fact, one worker in seven can anticipate to be disabled for five or more years prior to retirement. Below we will highlight some of the support behind the need of disability insurance.

  • Anyone who is employed is advised to have disability insurance. While costs are noted as the biggest deterrent, in the case of an actual injury, the potential monetary loss could be astronomical.
  • In the United States, half of all home foreclosures are an outcome from disability.
  • Disability accounts for a significant number of personal bankruptcies.
  • Commonly, the employer-provided coverage allows for automatic protection.
  • Changes at home such as a move to a new house, a new baby being born, etc. will affect disability coverage needs. Thinking through these things has enormous benefits in facets beyond disability insurance coverage.
  • The Disability Insurance Calculator paints an excellent picture in a comprehensive assessment.

RBA Insurance Strategies, LLC has helped to protect the West Palm Beach area since 1985. For more information about disability insurance, or any type of protection, contact us today!

 

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    "I have known Roy since we were first starting out in our respective businesses. When we first met, I was a junior copywriter and Roy was just getting his feet wet in the insurance business. His approach was remarkable – it was entirely based on my needs, not his. I've been a client ever since. And I recommend Roy’s services without any reservations."

    February 2, 2004
    Leon Sterling