Disability insurance is coverage that provides you with income protection should you lose time on the job due to an injury or illness. With disability coverage, you receive partial replacement of lost income.
For working-age individuals, disability refers to a medical condition that reduces your ability to perform your job duties.
Life Insurance isn't a fun thing to think about, an it may seem like an unnecessary expense. But if you have people who depend on you for financial support, then life insurance is really about protecting them in case something happens to you - your designated beneficiary would collect a financial benefit upon your death. Life insurance can be confusing, so here's a rundown of the basics.
You do not need to be wealthy to be sued for millions. Juries determine damages based on the severity of an accident, not your ability to pay those damages. Do you own or drive a vehicle? Do you own or rent a home? Do you want to protect the assets and investments that you worked hard to accumulate? If you said yes to any of those, you need an umbrella. The truth is EVERYONE needs an umbrella.