Why Do I Need Disability Insurance
Wednesday, October 8th, 2003Your career is a direct result of hard work and a substantial investment of time and money. Doesn t it make sense to fully protect it? A disability could render you helpless by taking away the one thing that you need to safeguard all of your assets: your income.
Home, auto, life, and health insurance are certainly valuable investments, but failure to couple them with disability insurance will jeopardize your full financial security. For example, health insurance might cover the potential fiscal pitfalls of the medical bills that result from a disability, but the rest of your financial obligations are not going to come to a halt. Vehicle payments, mortgages, insurance premiums, and even savings for the future are all important expenses that cannot be ignored just because you are disabled. Unfortunately, the chances of becoming disabled might be greater than you think.
According to the 1994 Statistical Abstract of the United States, in the course of a year, odds are that 1 in 10 people be (more...)
