Disability: Are You Financially Prepared?

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You have worked hard for the lifestyle you enjoy.


  • It’s in the home you live in
  • It’s  in the vehicle you drive
  • It’s in the vacations you take
  • It’s how you spend your time
  • It’s getting your children ready for the future
  • It’s living today while planning for tomorrow


And your income supports it all.

But what if you were unable to work tomorrow because of an illness or injury.


How long could you continue in your current lifestyle?  Days…Weeks…Months…?  What are you doing to protect your lifestyle?


Accidents and sicknesses happen every day.  They can strike at any time out of the blue: unwanted, unexpected and unwelcome. Imagine suddenly being unable to work, without an income, exhausting your savings, spending funds saved for vacations, children’s education, or retirement.  The financial worry can be suffocating and the stress can seem unbearable.  It is bad enough, if the disability is for a short period of time but the risk of a long term disability is also very real.  On average, a long-term disability lasts 31.2 months, according to the Council for Disability Awareness, but there are also many cases that last a lifetime.


We often have “It can’t or won’t happen to me mentality”.  But the possibility of a disability happening is higher than you think and should not be ignored.


  • According to the Council for Disability Awareness just over 1 in 4 of today’s 20 year-olds will become disabled before they retire
  • And despite what you think, accidents are not usually to blame.  Back injuries, cancer, heart disease and other illnesses cause the majority of long-term absences.


So what should you do?


If you are an employee, first and foremost be aware of what benefits you have through work.  Are you covered by Worker’s Compensation?  Do you have group benefits?  Is there short term and long term disability?  Do you qualify for employment insurance?  All of these can be significant in the event of a disability.  At O’Reilly Insurance we can help you review your current coverages and discuss how to integrate personal coverage if it is needed.


Are you self-employed or a contract worker? What would happen to your business if you couldn’t work tomorrow?  How would you pay your personal living expenses as well as your business expenses? A review at O’Reilly Insurance will help you identify the best plan to protect you and your business.

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What is a disability protection plan?


Disability insurance is a plan meant to provide you with an income when you can’t work due to an illness or injury.  Because your lifestyle is supported by your income it is the first thing you should protect.  Your ability to earn an income is your greatest asset, not the house you live in, not the car you drive.


A disability plan will be based on your occupation, the amount of income you earn, and how long you can manage financially without your regular income.  For many families, the prospect of losing just a few months’ income or living on half the paycheck just isn’t an option. If this sounds like you, it should make sense to seek out some form of disability insurance to protect yourself.


Remember:  Safeguard your lifestyle.   Live today while planning for tomorrow!







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