I had always relied on the insurance I had through work—it was inexpensive, taken right out of my paycheck and seemed like it provided everything I needed. I never thought to protect myself beyond that. I was young and healthy, and my office job wasn’t dangerous. Even if I did have an injury, how great of shape do you have to be in to sit at a desk and type? But when a car accident injured both my arms, meaning I couldn’t drive to work or do much once I was there, I found out just how disabling a serious injury can be. While my health insurance could recoup most of my medical costs, I only had enough leave to replace part of the recovery time, forcing me into a LWOP status. Being forced into LWOP meant I had to cut back on a lot, including postponing my upcoming wedding, which I was no longer able to pay for.
As my arms began to heal and I was slowly able to start working again, I also had to think about how to fix myself financially.
First on the list? Buying additional disability coverage. As the business saying goes, sometimes you have to spend money to make money, and I knew I could never afford another salary hit like the one I’d taken. I used to think I didn’t have any assets that required extra coverage—what I learned from my accident was that my biggest asset turned out to be me.
For information on how you can protect your income from accident, illness, or some other disability, please visit FedAdvantage.com or call (866) 973-6605.