Is Long Term Disability Insurance A Good Idea?
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63333 POINTSview profilePeggy MaceMost of the U.S.Long Term Disability Insurance is a good idea if your income is needed to maintain a decent quality of life for yourself or your family. Everyone suffers when there is a disability, and even Disability Insurance does not replace 100% of the income lost, so there is always going to be some hardship involved with becoming disabled. But if your being off work for more than a few months would cause your home mortgage to go unpaid, or cause your spouse to have to go back to work, or something else that would divert your family from some basic goals, then having Disability Insurance might be a good idea for you.Answered on May 24, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNLong term disability insurance is the most undersold insurance product on the market. Statistically speaking over 50% of hard working Americans are living pay check to paycheck. If any of them were to become sick or injured and could no longer work, it would bankrupt the family. Long term disability insures their most valuable asset, their ability to earn a living. The minimum waiting period to receive disability through Social Security is 9 months if everything goes well and often it does not. Long term disability is more than a good idea for working Americans it is a must.Answered on July 24, 2014flag this answer
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