In the spirit of Disability Insurance Awareness Month during the month of May, we are promoting the essential need to purchase disability insurance before you actually need it. Anyone who relies on their ability to work and receive a paycheck needs to get disability insurance.

Personal insurance policies are financial products that you have been purchasing for years and might not be something you think of much. But in your later years, as you may have acquired more wealth, your exposure related to these annual policies has changed. As a high-net worth individual, carefully considering these policy coverages carries a great deal of importance.

If you rely on your ability to work and provide a steady income to safeguard your financial stability, then you need disability insurance. Although disability insurance is often associated with dangerous professions, medical illnesses actually trigger the majority of disability insurance claims — not work-related accidents.