1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Disability insurance is important in financial planning because, without it, there may not be income to invest or save. The loss of a paycheck due to disability disrupts even day to day living, and much more so, long term goals. Disability replaces income in place of a disability, an important part of most financial plans.
    Answered on July 22, 2013
  2. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    In order to plan your finances, you have to have an income.  If you become disabled and can no longer work, you no longer have an income (minus any passive income).  Disability Insurance ensures that you will continue to receive an income while you are unable to work. Many people think, well I have a savings account to back me if something like that should happen.  But the average long-term disability claim is 31.2 months--would your savings last that long?
    Answered on November 25, 2013
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