Disability Insurance

Disability Insurance

Alright, everyone! It is April, and I am still plugging away at my New Year’s Resolution! Maybe I’ll be done before I have to set a new one for 2019 ??

The topic for this week (and possibly next week if I’m not done) is Disability Insurance. I know, I know. You were just thinking about how much you wanted to know more about Disability Insurance (DI) and it just so happens that I’m here to tell you about it.

For whatever reason, DI just doesn’t get the attention that other Financial Planning topics do. Retirement saving and investments are all over your news homepage, and everyone knows that when you get to a certain point that its prudent to think about getting some life insurance. But DI? No one is talking about it.

And. They. Should be!

In our financial planning process, there are a lot of things that we discuss with you. Your budget, your saving, your goals for the future, etc. All of these subjects are contingent on you having an income to support them.

What if you didn’t?

When we talked about budgeting, we talked about having an emergency savings for if you lost your job. A couple months worth of salary, until you were able to find a new job. But what if that wasn’t enough? What if you became injured, and weren’t able to work for 6 months? Or a year? What if it was 3 or 4 years? What if you could never return to that job again?

I’m not trying to sound doomsday-ey over here, but it is a really important question! So, in light of my #FinancialFitness2018 discussion, I have asked myself this question.

Stay tuned tomorrow to hear the answer! I promise, it’s a good one.

#KatelynIsGettingFit  #GiveAHoot  #DisabilityInsurance