1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If your income is not needed to pay bills, or contribute to the quality of living, or to attain the financial goals of your family, then you may not need Disability Income Insurance. If your income is needed for any of those purposes, then you most likely have a need for Disability Insurance.
    Answered on June 28, 2013
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Everyone who has to pay their own bills, or has family relying on their paycheck, probably needs Disability Insurance. Unfortunately, not everyone can qualify for DI due to health reasons or hazardous occupations. But if you can qualify for Disability Insurance, you should probably get it. Being unable to work for an extended period of time due to illness or injury is not uncommon. Being able to receive cash payments from your Disability Insurance policy while being disabled can be a great help.
    Answered on July 18, 2014
  3. 712 POINTS
    John Cole
    Recruiter/Manager, Cole Insurance Investments, Charlotte N.C.
    I would say no not everyone needs disability insurance it would depend on how well you handled your finances in the past it would not hurt to have it but does the numbers add up? In my opinion if you have strong investments it could be a waste but if you don't then you would need the insurance if you lost the ability to work your occupation. One of the most important factors to ask yourself is do the numbers add up what does your savings account balance look like that will determine in most cases if you need it or not or if you can afford it this is a very good question to ask the numbers must not be fake.
    Answered on July 18, 2014
  4. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    No not everyone needs disability insurance. There are lots of wealthy people that make money from residual income sources or investments that will continue to pay them whether they are in good health or not. However, a person that needs to work at a task or job in order to earn a living to pay expenses, disability insurance is an absolute must.
    Answered on October 20, 2014
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