Have you ever Googled, “How much disability insurance do I need?” Out of curiosity, I did. And what I got was overwhelmed after 17 million results displayed.
I’m fortunate to work for a leading financial services company which has taught me the important role risk protection solutions, like disability and life insurance, play in my life. But even I was overwhelmed at the Google results on the screen in front of me.
I have a feeling that this search result epitomizes the feeling consumers get when exploring disability insurance online. Where do you start when you want to learn about income protection, how much you need and what it will cost?
Google, Siri and other intelligent assistants are great tools for answering questions to everyday needs like:
- Where’s the best spot to vacation?
- What’s the top safety-rated car?
- What should I know before taking my kid on a college visit?
But they aren’t necessarily the best assistants to answer questions about specific insurance and financial needs. Fortunately, a number of internet-based applications, like our new Income Protection Calculator and Life Insurance Calculator, can help determine your specific coverage needs by answering questions such as:
- How much coverage do I need?
- What are my coverage options?
- How much will it cost me?
Using tools that help determine my specific needs put my feelings of anxiety from that initial Google search to rest. It gave me a more realistic picture of what I specifically need to protect myself, my wife and my family.
Try our new tools today for yourself. Then use that information to start a conversation with your local financial advisor to establish your specific financial strategy. After all, it’s never too early to take action.