How Disability Insurance Can Save Single Mothers from Financial Ruin

Finding the right insurance policy for you and your family can be a very difficult task, particular in today’s market. However, it is crucial that you have enough insurance to cover you in case an unforeseen accident should occur. For example, did you know that people are 3 times more likely to suffer a disability than to die before reaching the age of 65? This means that people from all age groups sometimes find themselves without insurance coverage when they need it most. Bellow, we tell you why having a disability insurance policy saved one single mother from financial ruin.

Valerie King was a doctor who loved her career and never really thought of doing any other type of work in her lifetime. After she switched from her medical residency to a full-time job, her group disability insurance plan was set to terminate. In truth, Valerie wasn’t one to think that she would end up needing disability insurance, but her agent did tell her to convert her group plan to an individual disability policy. Under an individual disability policy, Valerie would have continuing coverage.

It’s a good thing too that Valerie took the time to discuss here situation with her insurance administrator, because after only a few years into her new medical practice, Valerie was diagnosed with a condition known as ulcerative colitis. After a series of surgeries, Valerie found it was impossible for her to perform everyday duties. Unfortunately, she was no longer able participate in the career that she loved.

Valerie’s disability insurance provided her with the means to survive financially and care for the three young daughters she was raising as a single mother. Without the monthly payments she received from her disability insurance policy, Valerie and her young kids would have been economically devastated.

According to Valerie, “People understand death. You might die and need life insurance. What’s really hard to believe is that you might actually live and not be able to provide for your family. Most people think, ‘It will never happen to me,’ but the truth is it can—and does. Everything else goes away if you don’t have disability insurance coverage and you can’t work.”

To hear more about Valerie’s story, click here.

Get Disability Insurance Today

Are you confused about disability insurance? Need help finding a policy that is right for you and your family? At Insurance Specialists, Inc., we are committed to providing our clients with the right policy that fits their needs and protects their interests.

Call (888) 451-0883 to speak with our friendly and accessible team of Atlanta insurance administrators.