Just because you are single it doesn’t mean that you don’t need disability insurance. So many overlook this seemingly small but necessary insurance under the misguided assumption that the likelihood of them needing disability insurance is too remote.

Accidents happen and they happen to people like you and me. Disabilities aren’t something you just get born with and don’t occur just as a result of major accidents, back problems, for example, are a regular and common complaint that can mean weeks or months off work. Could you survive without disability insurance?

When you’re single it is even more important that you consider such an eventuality given that you have no one to rely on other than yourself. The risk of disability is greater than you might think with one in eight people suffering from some kind of disability at some point in their lives. If you don’t have anyone else to rely on and were unable to work disability insurance could be your only safety net.

Single might mean no responsibilities when it comes to other people but it increases your responsibilities in that you lack any kind of support when things go wrong. Disability insurance isn’t just something you take out if you have a family it’s also something you should consider in order to protect yourself.

Your employer might pay you in the event of disability but it could be just short term or others might provide you with a far more comprehensive and long term disability insurance policy. If you don’t know what kind of disability support you could expect to receive its well worth checking it out now so you are clear as to where you stand. If your employer offers little in the way of disability support and you have no or minimal savings you should consider disability insurance.

Disability insurance won’t necessarily enable you to live the life you currently lead but it will allow you to enjoy a reasonable standard of living.

If you decide to take out disability insurance make sure you are clear as to how much your insurance provider will pay out, the period of time the insurance will cover (short term, long term or life) and whether or not there is a waiting period during which time you would have to support yourself.

Author: Terry Ross

Term Life Insurance, Short Term Health Insurance, Health Insurance, Long-Term Care Insurance