1. 410 POINTS
    Drew Ward
    Owner, LifeInsuranceForBusinesses.com, Atlanta, Georgia
    Long term disability insurance is a way to protect your income if you become sick or hurt and are unable to work.

    Think about it this way, your income is very valuable. if you take your annual income and multiply it by how many years you are planning on working, this is how much your income is worth.

    For someone making $50,000 and planning on working for 20 years, their income is worth $50,000 X 20. That equals, $1,000,000. People buy long term disability insurance to protect that $1,000,000.

    Please feel free to contact me if you have any questions!
    Answered on September 18, 2014
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Long Term Disability Insurance pays you a cash benefit if you are unable to work for an extended period of time. Becoming temporarily or permanently disabled is a traumatic event in itself. Not having any income during that time makes it much more life changing. Disability Insurance gives you the means to get through a difficult experience with fewer "scars" than you would without it.
    Answered on September 29, 2014
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