Everyone - Especially White Collar Workers
Disability insurance is just common sense in professions where manual labor is a daily affair. In these jobs, many companies offer free or very cheap short term disability coverage for workers who could easily be incapacitated by a temporary misfortune affecting just one limb. For white collar workers, however, the benefit is not so obvious, and coverage often comes at a steeper price. But there are still very good reasons why office workers and professionals who use their brains more than their bodies should opt for disability insurance.
Think of what it takes to actually perform your job. Maybe you're a lawyer, meeting with clients or typing up notes every day. Or, perhaps, data entry is your career, where clacking on a keyboard and scanning the screen for accuracy takes up the whole day. Just like manual laborers, a simple upper body injury is all it takes to drum up an unexpected leave.
Being unable to type is an instant stopper for many office workers, especially considering the number of business that are unequipped to make other arrangements, such as voice-to-text software. Vision loss is even more perilous. Most white collar jobs will grind to a halt with temporary disorders that make reading off a screen impossible. Additionally, a fall could seriously sprain the back, making it impossible to sit in chairs all day long for a lengthy period of time.
Many white collar workers think Social Security will take care of them in the event of disaster. This isn't the case though, as SSI coverage only grants disability if a significant and permanent injury is evaluated by medical professionals. Others underestimate the time needed to recover from injuries or surgeries. Burning up a couple weeks of paid time off is rarely adequate to make a full recovery, and puts many workers at risk of having no further sick or vacation time for the year.
Most important to consider are the economic blows. Most businesses are required by law to grant workers time off to rest after a major physical order. Yet, this time is unpaid unless short or long term disability coverage is purchased individually or through an employer. Can you really go up to two months without a pay check, or limp along with a significantly reduced one? Even if you can, do you really want to deplete your savings doing this?
If you're like most people, the answer is a resounding no. Disability coverage buys more than an unbroken income during crisis: it grants peace of mind. This extends to every profession imaginable. Dealing with crippling injuries is never pleasant, but mitigating their financial costs beforehand is a firm step you can take toward recovery before the problem ever starts.