We’ve all heard time and time again – or said, depending on our situation – that being a stay at home mother is one of the hardest jobs there is to do. The reason that it is said so often is because it is so true; a difficult thing to convince someone that has never done it and feels it would be a much better alternative to their corporate nine to five job. But aside from being a physically and emotionally challenging job, being a stay at home mother often leaves women in a financially vulnerable position. They are reliant upon their partner for a paycheck; which is all fine and good as long as that paycheck continues to come every week. But what happens if the household suddenly loses that money due to the earner becoming ill or injured? Now this family – faced with medical bills and no income – is more vulnerable than ever.

Disability insurance is a comprehensive insurance policy mean to protect policyholders that suddenly find themselves in the position of having lost their income due to a disability. Injury or illness – either physical or mental – can impact us for a very short period of time; short enough that we are able to take vacation or sick time for work without too many financial repercussions after which we return to work. But injury or illness can also impact us in the long term and make our return to work impossible. Without disability insurance in place, what becomes of our family?

You may think that the solution rests in mom going back to work. But then what becomes of the children and how does a family that is already struggling now pay for child care as well as the care – in whatever capacity – that is required by the person who is sick or injured?

In the next post we’ll discuss in greater detail how disability insurance can help a family in this situation.

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