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Disability Insurance

August 18th, 2011 at 03:56 pm

We have finally gotten to the point where we are talking about getting disability insurance for DH. So far he's been really lucky about not getting hurt in the workplace, but as he gets older we've started to worry a little bit about this, because he does work in an environment that is often icy and trips can and do happen often up there and cause a lot of damage to people. He's known enough people who have had to take a couple months off work while their soft tissue recovers.

Now for the question about me. Do I need it? Or would they even give it to someone with no income? I mean I really am partially disabled as it is, but it does not interfere with me doing my job as a stay at home parent of taking care of the kids (too much). I just worry that one day something might. And then we might need to be able to bring someone in to help.

I know I should talk to our agent about this, but I don't want to sound like an idiot when we go in, either.

4 Responses to “Disability Insurance”

  1. MonkeyMama Says:

    You can't apply for disability income if you have no earned income. (Yes - I think that is stupid - and I know from experience. IT could be devastating if my husband could never work again - though he has chosen not to work for a decade or so).

    I know too many people with perfectly safe office jobs who have become permanently disabled. Freak accidents, random medical conditions, on and on and on. Disability insurance is important for everybody!

    That said, I would expect premiums to be on the higher side considering the risk that comes with your hubby's profession. (Disability insurance for me is dirt cheap, on the other hand). Just, FYI.

  2. creditcardfree Says:

    Yep, no such thing as disability insurance for SAHM without income. You could self insure with more emergency funds and investments.

  3. LuckyRobin Says:

    I figured as much. Well, this is why I someday want to have an emergency fund that can cover one year's worth of income. I guess if I ever finish writing the great American novel and manage to get it published that'll count as income and then I could get some.

  4. baselle Says:

    I picked up a bit of supplemental accident insurance from AFLAC, which covers me when I'm not at work. So I'm covered when I do my super duper 7 miles walks around Seattle. I don't whether a SAHM can get it and its a slightly different animal from disability, but its something to consider.

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