Job site oriented accidents are likely to hit 30 per cent of the workers, according to a report from Social Security Administration. And it’s impossible to predict how many of such mishaps will actually result in some sort of disability.
Most employers do offer a disability insurance program, but would that be enough if one had extra expenditure such as mortgages, paying for own or kids’ education, car loans, etc.? Having said that, it just makes sound sense to buy an extra layer of protection over and above what the employer might offer.
That is also one way to make sure that you tailor your insurance package to suit your needs, since the employer’s disability offering would most likely be for a fixed period. It could even be as little as a month and a half, in which case, a personal disability insurance package will act as a buffer.
