Why Should I Get 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
    The #1 retirement risk is living to long. The longer you live, the greater the stress on your retirement income to make ends meet and added financial pressure of paying assisted living and/or nursing home care. Because the statistics of experiencing the need for long term care increases with age, so insuring you and your family is a wise money move.
    Answered on September 6, 2013
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  2. 63333 POINTS
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    Peggy Mace
    Most of the U.S.
    You should get Long Term Disability Insurance because the chance of becoming disabled if fairly high, and it is such a devastation to lose one's income for an extended period of time. There are usually medical bills and other expenses incurred when a disability occurs, so having the benefits that Disability Insurance provides can be a "life-saver".
    Answered on September 6, 2013
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