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
    Disability insurance is a major part of defensive financial planning. Fundamentally, it's paycheck protection. Most American workers have 90 days of cash reserves. A prolonged sickness or recovery form injury can be financially devastating to family members or business partners, not to mention the inability to pay monthly bills that could effect your credit rating.
    Answered on September 7, 2013
  2. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    Disability Insurance is necessary because you NEVER know when you might become sick or disabled.  While many people think, "Oh, my savings will take care of me while I recover," they forget that some illnesses or injuries can be disabling for the rest of a person's life.  Having disability insurance provides you with the security of knowing that, even in the case of a prolonged injury or sickness, you'll still receive a monthly income for a pre-determined amount of time.
    Answered on September 9, 2013
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