If the global pandemic has taught us anything, it is that life is precious and health circumstances can change rapidly. MDA Insurance has noticed an uptick in applications for life and disability insurance coverage in the wake of COVID-19. If you do not have both insurance policies in your portfolio, this is the perfect time to add them.
No one wants to think of dying, of becoming too sick, or too injured to work. But ignoring the risk is not managing it. Purchasing insurance does manage the risk. Here are some facts to consider:
• Women between 35 and 65 years old are 40% more likely than men to become disabled for 90 days or more.
• One in five people will be disabled for one year or more before age 65.
• Income lost through disability is twice as great as the amounts lost through auto accidents, and three times greater than fire losses.
• The average long-term disability lasts 2.5 years.
The good news is that life insurance is affordable, and term insurance can fit any budget. A knowledgeable disability insurance agent can craft a policy that fits your needs now, and that can be enhanced in the future if necessary. It’s usually cheaper to buy life or disability insurance when you are younger.
Call MDA Insurance at 800-860-2272 to get quotes on life and disability insurance. Plug the holes in your insurance portfolio before you fall into them.