Is Disability Insurance Important?

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    David RacichPRO
    Fountain Hills, Arizona
    Disability insurance is extremely important. The mantra is “buy term and spend the difference” on disability insurance. Anyone who earns a living and wants to protect their paycheck should get disability insurance. The statistical odds of becoming disabled during your working life are too great to ignore. The average disability period is 30 months; the average emergency cash reserve is 90 days. And it is highly recommended that you also insurance your retirement contributions as well.
     
    Answered on May 29, 2013
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  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Disability insurance is a very important part of a successful financial plan. Life insurance protects your loved ones in case of a sudden death. Disability insurance protects you in case you lose your ability to earn a living due to an illness or injury. Statistically speaking you are 8 times more likely to become disabled than to die. The minimum time to receive social security benefits after filing is 9 months and can take years.
    Answered on July 8, 2014
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