Sometimes things happen in life that we have no control over.
Unless you have some kind of life and disability insurance you will be left paying the bills.
Every day you go to work or step inside a car could potentially be the last day you work or even worse, live.
We live in a society that is unpredictable which is why it is so important that we and are loved ones are protected.
Getting a disability can ruin a person's professional life and unless they get some sort of compensation they will have no dependable source of income.
Many life insurance companies now bundle life and disability insurance together because there is a lot of cases where people end up seriously hurt but still manage to survive.
If you were a police officer, for instance, and you became paralysed, you would not be able to patrol the streets anymore.
You would receive some kind of compensation from your employer and government, but it might not be enough to live comfortably off of.
You may be asking yourself why would I want life and disability insurance in the first place? It is a gamble to not have some kind of coverage on yourself, there is no way of knowing when disaster may strike you or a family member.
Not only is it advisable but it is incredibly risky to not have some kind of coverage.
We have all heard about life insurance and unfortunately many people still do not have it.
Life and disability insurance is a great method to combine two very serious issues into one package and it is becoming very popular among working class people.
If you were a young person and you became critically injured, if you have some kind of life and disability insurance you will either receive a payout or regular income for the rest of your life, depending on what you negotiated with your provider.
You will definitely want to take the time and do some research into each company so that you get the best deal possible.
When it comes to life and disability insurance there is no guarantee that you will need it.
The only sure thing in life is death, therefore it is a no-brainer that having some kind of life insurance will pay off in the long run.
Disability on the other hand is a gamble because if you are paying extra for it on your policy it is a waste if you never end up needing it.
That said it is also a very good investment if you ever find yourself having to draw out of it because you may need some time off work to heal an injury or you may end up permanently injured somehow.
There is no way that you can convince someone that they need to have disability insurance because there is no way that you can guarantee they will need it.
You will have to weigh up the risk versus reward and decide for yourself if you need it.
Unless you have some kind of life and disability insurance you will be left paying the bills.
Every day you go to work or step inside a car could potentially be the last day you work or even worse, live.
We live in a society that is unpredictable which is why it is so important that we and are loved ones are protected.
Getting a disability can ruin a person's professional life and unless they get some sort of compensation they will have no dependable source of income.
Many life insurance companies now bundle life and disability insurance together because there is a lot of cases where people end up seriously hurt but still manage to survive.
If you were a police officer, for instance, and you became paralysed, you would not be able to patrol the streets anymore.
You would receive some kind of compensation from your employer and government, but it might not be enough to live comfortably off of.
You may be asking yourself why would I want life and disability insurance in the first place? It is a gamble to not have some kind of coverage on yourself, there is no way of knowing when disaster may strike you or a family member.
Not only is it advisable but it is incredibly risky to not have some kind of coverage.
We have all heard about life insurance and unfortunately many people still do not have it.
Life and disability insurance is a great method to combine two very serious issues into one package and it is becoming very popular among working class people.
If you were a young person and you became critically injured, if you have some kind of life and disability insurance you will either receive a payout or regular income for the rest of your life, depending on what you negotiated with your provider.
You will definitely want to take the time and do some research into each company so that you get the best deal possible.
When it comes to life and disability insurance there is no guarantee that you will need it.
The only sure thing in life is death, therefore it is a no-brainer that having some kind of life insurance will pay off in the long run.
Disability on the other hand is a gamble because if you are paying extra for it on your policy it is a waste if you never end up needing it.
That said it is also a very good investment if you ever find yourself having to draw out of it because you may need some time off work to heal an injury or you may end up permanently injured somehow.
There is no way that you can convince someone that they need to have disability insurance because there is no way that you can guarantee they will need it.
You will have to weigh up the risk versus reward and decide for yourself if you need it.
Source...