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
    Unless you have significant savings set aside for 30 months or so, you may need to consider disability insurance. The average disability can run 30 months. Most working Americans have 90 days in cash reserves. Is it important to have a paycheck coming in? Disability insurance is paycheck protection. 
    Answered on August 15, 2013
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! There are many kinds of insurance out there, so it can become confusing what we should really spend our hard earned money for, and what we should pass on. If your employer offers disability, take it. Nearly 60% of the bankruptcies worldwide are the result of a medical issue. Good health insurance, and a good disability policy can make the difference between you, and another statistic. Please get with an agent or your HR person, and get a policy that works for you. Thanks for asking!
    Answered on June 12, 2014
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