When we leave school and embark upon our first real position in our careers, we find ourselves in an enormously exciting time in our lives. For one thing, all the hard work we put forth in our schooling is now coming back to us in terms of being able to start our careers in a great position with a good company; and for most of us, this marks the first time in our lives when will be earning a steady paycheck.

But this time in our lives is also fraught with decision making – some decisions that we had never before considered. Now that we are out by ourselves in the real world it may be fitting to consider the purchase of life insurance – especially if we are newly married. This of course protects our spouse – or other family members – in the event of our death and gives them the financial resources to settle our debt and meet other financial responsibilities. In addition, now may be the time that we are also considering other types of insurance including auto insurance (something that mom and dad may have footed the bill for up until this point) and renter’s or homeowner’s insurance.

But another, equally important, insurance consideration is that of disability insurance. While dealing with a disability is something that we give little thought to when we are young and healthy, the reality is that disability does affect even the young and able bodied. And if it does, we could easily be in a situation where we are once again financially dependent on our parents and perhaps even unable to live on our own.

We certainly don’t want to focus on such possibilities, but we do need a plan. Long term disability insurance will protect our interests should we face an illness or injury and find ourselves without our paycheck. In such a situation, disability insurance will give us the financial wherewithal to make it on our own.

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