Ever hear of the phrase, “coulda, shoulda, woulda?” This of course refers to the principle of hindsight being 20/20. Most of us, knowing what we know now, would certainly go back in time and amend a few of the decisions that we have made accordingly. But, of course, that’s not possible and, in most cases, we are stuck with the outcome of our choice. In some instances, we had all the information at our disposal to make the responsible choice but we choose at the time to ignore that information – sometimes costing us far more than we could have ever imagined.

This is often the case for those who choose, for a myriad of reasons, not to purchase disability insurance. We surely never expect to get sick or to get injured in an accident; and even if we do, most of us would never imagine that such an illness or injury would preclude us from going back to work and earning a paycheck. But it happens every day. And those people who find themselves in the position of having no income and limited (if any) savings and investments, the prospects are terrifying. These are the times, of course, when they are wishing with everything they have that they had opted to purchase disability income insurance.

Disability insurance is something that you should not wait to consider because by then it could easily be too late. Instead, disability insurance plans – such as short term disability and long term disability insurance – should be considered as a preventative measure. We don’t use health insurance every day but that doesn’t mean we don’t need or won’t need it in the future. The same can be said of disability insurance. Just as medical bills would quickly sink us without health insurance, making up for lost income can easily destroy us financially without disability insurance in place. Make the decision to get prepared today!

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