Most of us take for granted our ability to earn an income and save for retirement. What if something happens to you and you can no longer work? Not only would your day-to-day expenses start piling up, but your retirement contributions would also be in jeopardy.
Many clients aren't aware of how financially devastating a disability can be to their future. A disability can make it difficult to contribute to a retirement account or, even worse, may force early withdrawals to cover expenses. Without proper protections in place, a disability before retirement can really hurt your retirement plan.
Many employers offer disability insurance. However, employer-sponsored disability insurance often comes with some caveats. You could lose the coverage if you separate from your employer!
While disability insurance is important for everyone to consider, if you're predicting a sudden change to your job situation or have any health issues looming, it's something we should discuss right away.