Every day thousands of us take out insurance policies on things such as our cars, house or even that expensive baseball card collection. But, what about the paycheck we depend on to pay our bills? What would we do if an accident were to happen and that paycheck were to stop coming each month?
A couple of weeks ago, I told you about one of the lowest points in my life when I was struck by a car as I walked across the street. I was very lucky to have been able to walk away from that accident. I was even luckier to have a disability insurance policy through my employer. Had I been in a position where I was kept out of work for a longer period of time and needed to collect long term disability, we might have been in trouble. With long term disability, I would have only been paid 50 percent of my current salary. Money would have ended up being tight and we could have easily ended up in debt.
Most of us think about the common items that need to be insured, but tend to let the less common things slip by. By protecting our paycheck we insure that if something were to happen, our families would still be taken care of financially until we could return to work.
If your company doesn’t have a group disability insurance policy, add it to your list of things to do. One of the countries biggest providers is Unum. For the last 35 years, they have been ranked as the top disability insurance provider in the U.S. and protect over 25 million people worldwide. Below you will find four videos that talk a little bit more about Unum and the benefits that they offer.
Does your employer offer disability insurance?
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