Disability Insurance – Statistics about Insuring Your Most Valuable Asset

Never has there been more unanimity from financial experts, educators, media on a financial strategy than the advice to insure one’s most valuable asset, one’s future income, with disability insurance.
A look at the statistics tells you why. Most people don’t know the actual data of the likelihood of disability or the devastation that a loss of income can cause. Without getting pessimistic one can still take a rational look at one’s own life and see what would happen if income stopped for a long period of time or worse, for the rest of one’s life.
A study was done where people were asked what the chances were of becoming disabled before they retired. The survey showed that the average estimate was a 16% chance. The actual statistics are that men have View the rest of this article