Do I Really Need Long Term Disability Insurance?

Long Term Disability Insurance Elmira NYUnderstanding The Importance Of Long Term Disability Insurance

Long term disability insurance is one of the most commonly overlooked insurance coverages, despite its significant importance. Nobody can predict an accident or illness’ arrival, emphasizing the importance of securing protection for the unforeseen. We want you to receive the care you deserve when you need it, which is why we have gathered a list of guiding points to help you understand exactly why long term disability insurance is so important.

Why You Need Long Term Disability Insurance:

  • Long term disability insurance should be viewed as income protection. In the event that you suffer from a disabling injury or illness that prohibits you from working for an extended period of time, your long term disability insurance policy would act as a safety net for your income.
  • Did you know that approximately 90 percent of long term disabilities are actually caused by illnesses, not accidents as many assume.
  • Many people assume that long term disability insurance is too expensive to purchase, but a policy that offers much needed protection will most likely cost less than the amount you spend on entertainment or eating out each month. These policies range from 1 to 3 percent of your annual salary.
  • The most important thing to understand is that if a disabling injury or illness made it impossible for you to work, you would have no income. Would you be able to maintain your financial independence without your income?

Contact Perry & Carroll in Elmira for all of your New York long term disability insurance needs.