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Disability Insurance Following a Divorce

Posted on: Wednesday, October 7th, 2009

Divorce can have terrible ramifications for all those involved; anyone who has been through the process or watched someone they love go through the process can attest to the emotional carnage divorce can leave behind. Not only is there the nightmare of ending a relationship but there is the logistical concerns that must be addressed when a life lived as two becomes a life lived as one.

For women, this can often involve a complete transformation of their lifestyle. While they may have worked in or out of the home prior to the divorce, now they must often consider things that they once did not, including particular insurances. Many couples have life insurance to protect the interests of their children; and life insurance should surely continue to be held. But following a divorce, some women may want to increase the levels of their life insurance or change their benefactors; after all, she will not have a partner with which to combine policies.

Disability insurance is often carried by one person in a partnership – generally the person who makes the lion’s share of the income. Should their paycheck be lost due to an injury or illness preventing them from returning to work, the disability insurance would kick in and the family would be financially protected. Following a divorce, if a woman did not have a disability insurance policy prior, she must get one now. If you are solely responsible for your financial wellbeing you must be sure to protect yourself; disability insurance will offer protection should you become ill or injured and be unable to return to work. This disability insurance will protect you and will protect your children in the case of a loss of wage – either in the short term or permanently depending on the disability insurance policy that you choose.