Consider the Role of Short-Term Disability Insurance

If you are like most people, you may have written off short-term disability insurance as not necessary. Although many people overlook this coverage, it can be extremely beneficial, helping you when an illness or injury prevents you from working. Such an incident can put you at risk of being unable to pay your bills and make ends meet. Take a look at some of these situations in which short-term disability insurance makes sense.

  • You are self-employed

Being self-employed has a lot of advantages, but there is no safety net when it comes to finances. If you are going at it alone, short-term disability insurance can help you to keep your head above financial water.

  • Your savings account is low

If you do not have disability insurance, it is likely that you will need to turn to your own savings to cover the period for which you are disabled. If you do not have savings or very few savings, you could struggle to make payments. Do the math and determine how long you could get by on the among you have put away for a rainy day. Depleting your savings could leave yourself and family vulnerable, especially if another disaster occurs.

  • Your family depends on you

No matter the makeup of your family, a disability for one of the breadwinners can be financially devastating. Unless you have another source of income sufficient to support your family, if your income stops because of a disability, you could deplete your emergency savings or might not be able to keep afloat.

When you’re looking for quality short-term disability insurance, trust the experts at Premier Risk Insurance. We have years of experience in finding reliable policies for every individual, tailoring it to your needs and budget. Contact us today in Long Island, New York to get started!

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