Is Disability Income Insurance Worth It?

  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
    Is protecting your paycheck worth paying between 3 to 5% of your annual compensation? Most working Americans have 90 days of cash reserves for emergencies. If a disability occurred because of a prolonged sickness or injury recovery, could you sustain your lifestyle and good credit? If the answer is no, you need disability insurance.
    Answered on September 7, 2013
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