Who needs life and disability insurance?
So who needs life and disability insurance? The aged or those living with disabilities? Not really. Life and disability insurance provide a source of income to people who may not be able to earn an income due to illnesses or accidents. That means anyone in Buena Vista, VA can purchase this policy to help stay financially secure. At Stonewall Grace Insurance, we believe that your earning power is the most significant financial asset in your life. That is why we would like to protect it at all costs.
Families with children with special needs
Depending on what type of insurance type you want, life and disability insurance can provide your child with special needs all the financial support needed in terms of hospital bills, therapies, medicine, and regular check-ups. This coverage also pays for the cost of hiring a caregiver in case your child requires full or part-time care.
If you are diagnosed with a chronic illness.
The primary purpose of life insurance is to offer some financial cushion in case you die. You can choose to buy term or whole life insurance, depending on your needs. Be sure to consider your family needs now and later in life. For instance, if you will have kids in college in the next ten years, you may want to ensure that their education fee is sorted with your insurance.
If you had an accident
If you had an accident that required you to be hospitalized, life and disability insurance could help cover for the lost earnings. This policy also applies to a long term disability or chronic disease. The employee will be set on paid sick leave. At Stonewall Grace Insurance, we recommend buying enough insurance to help provide for your family as well as pay the related medical needs.
Life & disability insurance is a helpful financial tool for any family. Feel free to visit us at our Buena Vista, VA offices, and we will be happy to help you.