The Reality During A Disability

The Reality During A Disability

Your income does two things for you. It provides today's basic necessities and luxuries as well as serves as the foundation of your future plans. As long as you have the ability to earn an income, you are able to accumulate assets.

The graph below shows what your reality may look like in the event of a disability— if you do not already own disability insurance. Remember that you can only buy disability insurance while you are still healthy. Once a sickness or injury occurs you can no longer get a personal disability insurance policy to protect you and your family.

The Reality During A Disability Graph

But what would happen if a disability should strike?

  1. Your need for the basic necessities of life would continue.
  2. Plans for retirement, children's education, etc. would have to be put off, if not forgotten altogether.
  3. You would have to do without luxuries, yet would still be obligated to meet such fixed expenses as mortgage, car and credit card payments.