Income protection: The value of disability insurance

Income protection: The value of disability insurance

For many, keeping a paycheck is a top priority. We depend on our paychecks to fund all of the everyday things in our lives -- our cars, our homes, our savings for retirement. A sudden loss or interruption of one's income stream due to a disability could create serious financial problems, especially without sufficient assets on hand to help cover the shortfall. Without an income stream, individuals may be unable to pay for these basic expenses, including other types of insurance. In addition to coping with a new disabling injury or condition, these everyday living expenses will still need to be paid -- even as income and retirement funding both stop.

Read more at: http://www.thinkadvisor.com/2010/05/05/income-protection-the-value-of-disability-insuranc?migration=1&slreturn=1494595702

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