We all try to stay healthy. But accidents and illnesses do happen.
If you were injured or became sick, and couldn’t work for months or even longer, how would you pay your bills?
One way to help protect yourself is to build an emergency fund containing several months’ worth of living expenses, with the money kept in a liquid account.
However, you may also want to consider disability insurance.
If you work for a midsize or large company, your employer might offer some group coverage, but it may not be enough to replace all lost income.
So, you may want to look into a personal disability policy.
These policies can vary greatly, so you’ll need to compare a variety of features, such as the amount of benefits you can receive, how long you may need to wait to receive them, how long the benefits will last, and how much they may be adjusted for inflation each year.
By doing some research, you can find a disability policy that’s right for your needs.
And even though you may never need this coverage, it’s nice to have around.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson. Member SIPC.
Edward Jones is a licensed insurance producer in all states and Washington, D.C., through Edward D. Jones & Co., L.P., and in California, New Mexico, and Massachusetts through Edward Jones Insurance Agency of California, L.L.C.; Edward Jones Insurance Agency of New Mexico, L.L.C.; and Edward Jones Insurance Agency of Massachusetts, L.L.C. California Insurance License OC24309.
