Why Do People Buy Disability Insurance?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   People purchase disability to protect the paycheck from periods of sickness and injury. Most Americans only have around 90 days in cash reserves. Even among young people, the average disability period easily exceeds 90 days. Protecting your earning power against these unforeseen events is the primary motivation in purchasing disability insurance.

   Answered on August 2, 2013

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