Have you ever wondered what would happen should you suffer a long term disability?  It is a question that should not go unanswered as even a short term disability (one year or less) may result in the depletion of savings and retirement accounts. While Social Security may provide a "safety net" should a worker suffer a long term disability, it is typically difficult to qualify for benefits and the benefits may be too low to maintain your current lifestyle.  While you probably have Worker's Compensation coverage at work (note that if you are self employed you may apply for this coverage) most disabilities occur off of the job which means that Workers' Compensation would not repond should become disabled by a non-work related accident or illness.  

If you have no disability income insurance in force, then you should explore an individual disability policy.  Disability Insurance can provide you with benefits that pay for up to 2 years, 5 years, 10 years, or to age 65 or 67.  Obviously, the longer the benefit period the more expensive the policy will be but this can be offset in part by electing a longer waiting period before benefits "kick in".  If you do not know what would happen should you become disabled please take some time to determine what benefits you have at work and what the individual policies that you have may provide should  you become disabled.  If the benefits are non-existent or too low, give us a call to discuss the options that may be available to you. Thank you for taking the time to read this blog.