Financial experts recommend having at least 6 to 12 months of liquid emergency funds available. Clear Solutions Insurance Services knows this is sound advice, yet some might find that challenging due to today’s economic conditions. In the event of a long-term or permanent disability, 6 to 12 months of savings wouldn’t get you and your family very far. Likely, any retirement savings or assets would need to be tapped into, especially if there is a shortfall in the emergency fund. It is important to choose a plan before life picks one for you. Life happens whether you’re prepared for it or not.
It is always better to prepare for a “life happens” event before it actually occurs. While you might feel young, healthy, and able to work, you never know when an on-the-job or outside of work accident might change things. If you become disabled, it will be important to know how your family is supported while you are recovering. The best time to get covered in case of a disability event is now, and we can empower you to know what options are available to you.
Some employers will offer disability coverage as part of your employment. If it is out there, take advantage of it. However for the most part, you will be looking at one of four options for your coverage–your income, your government, your family, or your protection funding plan.
Making a plan is an important part of ensuring you and your family are covered, should a temporary or permanent disability occur. And choosing the right option should be done with a professional advisor, who is qualified to help you understand your options. That’s why with Clear Solutions Insurance Services, you can be confident that we will create a plan and empower your future, giving you peace of mind knowing that you’re covered. As a professional insurance advisor, Tom is always available to work with you on getting disability coverage.