Catastrophic disability insurance can offer a financial safety net to protect people's income and savings. When an individual dies from an injury or accident the emotional and financial consequences are traumatic for a time, but costs typically cease after burial expenses. However, when a person is disabled, they still have living expenses, which are normally compounded by high medical expenses. Disabled persons still have rent or a mortgage to pay, grocery bills, car payments, utilities, and perhaps their children's tuition. Problems with ongoing expenses are compounded by the person's inability to earn wages.
Disability insurance can help prevent a personal tragedy from becoming a financial tragedy.
This information is not intended to be a substitute for professional medical advice. You should not use this information to diagnose or treat a health problem or disease without consulting with a qualified healthcare provider. Please consult your healthcare provider with any questions or concerns you may have regarding your condition.