Working single individuals may not see the need for life insurance, and often have never considered the possibility of becoming disabled and losing the ability to generate income for a period of time.
The last thing a fiercely independent person wants is to have to rely on another to take care of them. But remaining fiercely independent during a short- or long-term disability due to an injury or illness costs money, lots and lots of money!
The reality is that a disabled individual’s expenses increase during the time of disability. There is the possibility that home modifications will be required to accommodate the patient. To participate in daily life the patient may need special types of transportation and accessories. There is also the matter of medications that may not be covered by insurance along with deductibles, co-pays, and co-insurance.
For two-income married couples the need for disability income insurance on both parties is important as well. If one of the individuals can no longer work due to a physical or mental medical issue what responsibilities will the working spouse need to take over? The working spouse now needs to shoulder the full responsibility of taking care of the children and taking care of the disabled spouse. What happens if the working spouse also suffers a disability? At a minimum, the working spouse that must take on more non-work-related responsibilities will not be able to work as hard or as much because there are just so many hours in a day.
Arizona disability insurance will provide monthly income and cash flow, allowing individuals and couples to take care of themselves and their families.
If you have recently purchased Arizona life insurance, it is likely that much of the underwriting completed for the life insurance policy may be used for a disability insurance policy.