What’s More Important Than Life Insurance? 1
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Life insurance is often considered the all-important insurance more especially when children are still young. Bread winners want to be sure that if worse comes to worst, the family still has somewhere to stay, the house can still be paid and the children can still go to college. But they usually don’t remember the second worst thing – a disability that could leave the entire family with a depleted savings account or totally without income. In the USA, more life insurance than disability policies are being sold everyday when anyone who relies on income to support a family will definitely need it. The early death of a bread winner has a hard impact on the family, but disability can be equally hard to a family’s financial condition because together with the loss of income, other unforeseen expenditures will have to be incurred like rehabilitation, training for a new job, changes to the home or car to adapt to a handicap or 24-hour medical care.