Why Buy Long Term Disability Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    When you consider that most working Americans has 90 days of cash reserves for an unexpected emergency, how much more for an injury or sickness that incapacitates you so you can't work. Disability insurance is paycheck protection that delivers cash benefits after the elimination period has been satisfied for example 90 days.
    Answered on July 27, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Why buy long term disability insurance? Buy it to prevent a hardship from becoming a tragedy. When an injury or illness is severe enough to cause someone to be laid off for months or years at a time, additional bills are racked up in addition to normal living expenses. Disability Insurance provides up to 80% of the income lost, allowing most workers to get by without having to move and make other drastic changes at a difficult time.
    Answered on July 27, 2013
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