As many as one in four of today’s young professionals will become disabled before reaching retirement age. This statistic comes as a shock to many people. Those without long-term disabilities seldom think about what would happen if that were suddenly to change. For this reason, you might want to consider disability insurance from the supplemental benefits offered to you by your employer.
But what groups specifically need disability insurance? That’s what we’d like to address today.
What groups need disability insurance? That’s what we’d like to address today.
Breadwinners
Are you the sole provider for your family? If so, one or more people are reliant upon your income for their wellbeing. If you were to develop a disability and become unable to work either temporarily or permanently, how would your family get by? That is where disability insurance steps in.
If you are a parent, this is an especially pertinent concern. As a parent, you know just how much your children rely upon you. In today’s employment climate, they may be reliant upon you even after attaining a college degree. Investing in disability insurance is a wise way to protect their livelihood.
Those with Chronic Injuries
It is an unfortunate reality that many people have to cope with a chronic injury or pain throughout their life. Let’s suppose you have chronic back pain or a hip injury. Just because it doesn’t get in the way of your ability to perform work now, doesn’t mean it won’t in the future.
There is always the risk that your chronic injury could suddenly become worse. Or perhaps you need medical treatment for it. We hope that this never happens to you. But if it does, disability insurance can cover your lost income.
Physical Laborers
If you work behind a computer all day, you might not be too worried about a disability threatening your income prospects. While disability insurance is a wise investment for workers in all fields, it is especially helpful for people whose jobs have a physical component.
If your profession is physically demanding, disability insurance can help protect you in two ways. For one, you are more likely to injure yourself on the job. And if you do suddenly become disabled—even temporarily—it is more likely to jeopardize your position with your employer.
No matter your walk of life, disability insurance has something to offer. But if you’re one of the above three categories, please give this form of insurance some thought.
Partner with Malden Solutions Today
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, and Linkedin.