Is Disability Insurance Worth The Investment?

1. 

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   Ted Ratliff

   Owner, SFS Associates,

   If you were laid up and couldn't work for three to six months, would you be able to meet your expenses and put food on the table?  Would you have to dip into the kids college fund to do it?  How will you pay your house payment and car payment?  How will you pay your health insurance premium?  You tell me- is disability insurance worth it?

   Answered on June 7, 2013

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2. 

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   Kelly Moser

   Social Media Strategist, Disability Insurance Services, California

   Considering the average US worker has 3 months worth of cash reserves, yet the average long term disability claim is 31.2 months, I'd say Disability Insurance is more than worth it.  If you can no longer work, you won't be receiving you usual paycheck, which in turn means you won't be able to make your usual payments (mortgage, bills, groceries, etc.). DI pays a monthly benefit that can keep you afloat so you can focus on healing and getting back to work, rather than worrying about your finances.

   Answered on December 2, 2013

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