Obviously we know things happen in life; but that doesn’t mean that we are in any way prepared when disastrous things happen in our own lives. There are those who predicted the disastrous state of the economy that we are currently experiencing but that doesn’t make it any easier for those of us who are now struggling with our own finances because of the economic state.

We understand that accidents happen and illnesses befall people on a daily basis but when it happens in our own families most of us are woefully unprepared; and not just in an emotional respect. Far too few of us have put measures into place to financially protect ourselves and our families if we are unable to return to work because of an illness or injury. Disability income insurance puts protective measures in place so that in the event that such a scenario plays out, money is the last thing with which anybody has to concern themselves.

If you were to be hurt in an accident tomorrow or suffer an illness that meant a temporary – or even permanent – separation from your job, consider how you would pay for the following without comprehensive disability income insurance in place:

• Mortgage or rent. This is the biggest chunk of money that comes from earners’ paychecks on a monthly basis. Without a paycheck coming, mortgage payments or rental payments can begin to lapse very quickly. Even with savings or investments put away you will find that the average family goes through these financial nest eggs very quickly, leaving savings depleted and housing payments still lagging behind.

• Utilities. In this day and age utility payments are often through the roof. With a missing paycheck, payments can quickly get out of control.

• Car payments. Most of us are paying some sort of car payment or lease payment. Consider how much of your monthly pay goes toward maintaining your vehicles.

• Debt. Paying credit cards or loans late simply work to increase your interest rates and service charges. What happens when you can’t even make the minimum payments?

• Living. From food to fuel, the cost of living increases every day. Without disability insurance, even the most fundamental necessities can be difficult to finance.

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