When Is Disability Insurance Worth It?

  1. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    when is disability insurance worth it? When you have something to lose. Insurance of any type is simply protection from loss. If you have passive income at a level high enough to maintain the lifestyle you want, then no, probably disability insurance is not for you. However, if your lifestyle depends on your income, and you have nothing without your income, wouldn't insuring your paycheck be a good idea?
    Answered on May 17, 2013
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  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    I think you will find the day that disability insurance is worth it will be the day you have a medical injury or illness and a physician tells you that you will never be able to work again. Those are truly the days that clients are truly grateful they paid those pesky premiums all those years. That day when you realize at least you have an income stream to live while dealing with this type of devastating news.
    Answered on August 17, 2014
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