Education is something for which we as parents save for diligently, hoping to mitigate some of the financial pressure that will come our way once our kids head off to school. Such savings are difficult to commit to year after year – especially as most of us struggle to make ends meet on our salaries – but it’s something that we must do in order to ensure our kids get the education they want and deserve.

However, when we face an illness or injury, those savings that we were so dedicated in accumulating are vulnerable to depletion; especially if we are incapacitated to the point that we can no longer work – either temporarily or permanently – and earn our salary. If you can imagine what your life would be like without one of your steady paychecks then you can easily understand how important it is to protect yourself and your family with a comprehensive disability insurance policy.

Disability insurance is meant to offer financial protection for those who are injured or ill and cannot continue to perform their job. Some disability insurance policies are meant for a short amount of time; other long term disability insurance policies will cover a policyholder all the way up until the age of traditional retirement - providing a replacement salary of sorts that will protect the family from financial ruin in the face of an already difficult emotional and physical time.

What disability insurance also protects are those financial savings that we have all put away for our future, our retirement, and our children’s education. Those savings that we worked so hard to put away month after month can quickly become depleted when there is a sudden loss of salary; disability insurance protects these funds so that they can be used as they were intended. For children that are counting on these college savings to realize their educational goals, long term disability can ultimately protect their dreams and their future.

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