Disabilities can vary in type and severity, but the end result on your ability to make a living is the same: When you become critically ill or seriously injured, your income stops. More and more people recognize the need for individual disability insurance as a sound investment in their future and the security of their families.  For additional information, please read some of our articles about disability insurance plans and long term disability insurance.

In most cases, when a disability occurs it requires professional medical care. Medical insurance will pay for the majority of expenses incurred from doctor’s care, surgery, testing, medication, transportation, and nurse visits. However, it does nothing to address the remaining expenses of everyday life. How will you make your mortgage payment/rent, car payment or pay for your utilities or food?

If you have savings or retirement funds in place, the last thing you want to do is exhaust those to carry you though a financial crisis. Even if you were forced to utilize that money, how long would it last?

If you recognize the importance for medical insurance, you must invariably consider the need for disability income insurance as a method of income replacement as the two are equally critical during a disability. An individual disability insurance policy will replace the income lost (generally on a tax-free basis), if you are unable to work due to injury or sickness.

The cost of individual disability insurance is more affordable than ever, and there are several optional benefits available on today’s policies that allow the insured to structure a plan to meet his or her specific budget and needs. The most important part of obtaining disability insurance is planning. It is therefore important to review your specific situation with an agent that specializes in individual disability insurance, and learn the several factors affecting cost and the way in which benefits are paid.

While planning for the worst may not be an easy task, having the proper policy in place during a disability will make all the difference in seeing you through a difficult time.

You may have additional questions. Our site provides a comprehensive FAQ page and there are several current articles for your review to broaden your understanding of disability insurance. To obtain a quote on individual disability insurance click on our disability insurance quote request page, or if you prefer, call us at 800-544-1662 to speak with a disability insurance specialist.