What if you become disabled while working as a nurse?

Nobody goes to work expecting that they will become disabled and therefore unable to work at some point in the future.

The fact though is that about 25%* of all 20-year-olds will become disabled at some point before they enter retirement.

There really is no way to avoid the risk but there are ways to protect you and your family’s financial future by simply protecting your income today.

  • For how long could you survive if your paychecks stopped and what would be the consequences for yourself and for your family?

  • Would you still be able to pay for your mortgage and could you continue to save for your child’s college funds?

  • What would happened to all your savings and investments; would you have to liquidate assets in order to stay afloat financially?

These are important questions to ask yourself before you simply turn down the opportunity to protect your ability to work which undoubtedly is your most valuable asset.

Most of would not think twice about buying homeowners insurance, flood insurance and other insurances to protect our home and we would never want to drive around without having proper car insurance in place.

Nowadays there are a lot of people who buy insurance plans to protect their cell phone just in case it would break.

But what about protecting yourself, what about protecting the engine that pays for the house, the car and the cell phone bill.

How about looking into protecting the engine that makes it possible to own assets and makes it possible to live a dream life.

Your income makes it possible for your kids to get an education and makes it possible for you to retire.

Yes, it does cost money to purchase insurance policies but it definitely does not have to be expensive and if structured the right way there shouldn’t be any reason for not obtaining some coverage.

When looking at policies make sure you obtain a policy that is tailored to your occupation and make sure you understand what riders are available and what features are part of the plan.

And as always look at your overall financial picture in a holistic way before you make any financial decisions.

Source:

https://www.ssa.gov/disabilityfacts/materials/pdf/factsheet.pdf

Written by CreativeNurse Team

2016-22845  5/18