People don't buy Disability Insurance because they feel they can't afford it, because they don't think that they will ever become disabled, because they assume someone will take care of them if they do become disabled, because they are confused on how to go about buying Disability Insurance, or because they just don't like to think about it.
A quick call to a reputable life insurance agent who sells disability coverage can help clarify prices and process and help them get on the road to protecting their families if a disability occurred.
The number one reason people don’t buy disability insurance is because it is not offered by their financial planning adviser or insurance professional. The second reason is that disability insurance is too expensive, a pervasive myth in the market. The third reason is the contractual definitions are difficult to understand, not only at the consumer level, but the producer level as well.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Why don't people buy disability insurance? Well, probably the biggest reason is they feel they have it through their employer. Most feel that workers industrial insurance (many different names) that protects them from on the job injury is enough. Except when they hurt themselves off the job or basically get sick. There's sort of a willful ignorance when it comes to disability insurance as to why many never consider it. Call it income insurance and interest rises. Go figure?
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A quick call to a reputable life insurance agent who sells disability coverage can help clarify prices and process and help them get on the road to protecting their families if a disability occurred.