Most people understand the need for life insurance coverage, but how many fail to protect their paycheck in the event of a disability? What’s more, how many of them have enough savings to pay bills for 6 months, 12 months or even longer due to disability?
The Council on Disability Awareness notes that today’s new workers have a 1 in 4 chance of experiencing a disability before retirement. And that is for young, healthy twenty-somethings.
Need for Individual Disability Insurance
