Thinking about insurance?

Short term disability insurance is something a lot of people don't consider investing in. You should. If you are working, your odds increase of being in a car accident or work related accident that will leave you unable to work for 12 weeks or less. Most Long term disability plans - even the insurance plans you might have signed up for with your credit card companies - only "kick in" after 90 days of unemployment. By that time your entire life can become a financial disaster. A lot of Americans are only ONE paycheck away from being homeless.

It can take between 4 months and 2 years to receive Social Security Disability benefits. In no case will you be eligible to receive benefits until you have been out of work for at least 6 months.

If you were suddenly unable to work due to an accident or illness what would you do? If you are healthy, currently not disabled, make $18,000 per year or more, you may qualify for disability insurance. To Request a Free Quote and Insiders Guide to Disability Insurance Click Here.

While short term and long term disability should definitely be on your "buy" list (the premiums are typically very affordable) you also need to make sure that you understand that the insurance company will NOT be your friend once you make a claim. I'll address that in a different article.