Singer-songwriter Matthew Sweet, age 60, suffered a debilitating stroke while on tour in mid-October.
He will be at a specialized rehabilitation center, where he will receive around-the-clock care and therapy for six weeks. He will then require months of treatment and rehabilitation that we hope will lead to a full recovery. Needless to say, the costs for all of this treatment will be overwhelming. We anticipate a total close to a quarter of a million dollars.
As we age, the likelihood of experiencing health issues that could impact our ability to work increases. Despite this, many older adults overlook the importance of individual disability insurance. Here are several reasons why maintaining this coverage is crucial, even in later years.
-Financial Security
-Protection Against Unexpected Health Issues
-Maintaining Quality of Life
-Peace of Mind
With anticipated costs up to $250k in medical expenses, how long would a life-time of savings last under those expected bills? Individual Disability Insurance would help the monthly income coming in and help pay those future bills and not deplete a life-time of saving.
