Why I got disability insurance as a full-time mom and freelancer - Business Insider

coverage through my husband's employer. At first, I was resistant to the idea of purchasing an add-on policy for greater coverage, since I technically already have both. Honestly, I saw paying for more insurance as just another line item in our monthly budget rather than a way to protect our income and, ultimately, our future.My thought process was simple. As a stay-at-home mom, I never really set out to have a career.

But what about chronic pain or debilitating migraines? What if I'm struggling with depression or anxiety that interfere with my ability to get work done? Those things seem far more likely, and I've never considered until now how we would manage financially if I was dealing with any of them. shifted in a recent meeting with our financial adviser.

With our current income and short- and long-term financial goals in mind, our financial adviser recommended the amount of disability insurance I should buy and went over our options with us in the next meeting. We landed on a policy that's high enough to help ensure we can pay off our student loans and our other bills if I'm not working, and that allows us to continue saving money for retirement and, eventually, our kids' education.

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