Why Is Disability Insurance Needed?
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63333 POINTSview profilePeggy MaceMost of the U.S.Disability Insurance is needed for most people to provide income for them and/or their families if they were to become disabled for over a few months. Some businesses use Disability Insurance to keep their businesses viable if one of their key employees should become disabled. Disability Insurance can replace over half the income lost by the employee becoming disabled, which is a tremendous need for most workers.Answered on September 5, 2013flag this answer
2180 POINTSview profileKelly MoserSocial Media Strategist, Disability Insurance Services, CaliforniaDisability Insurance protects your paycheck should you become sick or disabled. For most people, if you're unable to work, a savings account can only last for so long. Disability Insurance will pay a percentage of your income for a pre-determined amount of time (many times up to age 67). According to the Social Security Administration, one in three Americans between ages 35 and 65 will become disabled for more than 90 days at some point in their career.Answered on September 5, 2013flag this answer
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