Clearly, if you lose the ability to earn a living because of sickness or injury, your family's financial future may be in jeopardy. No one wants to think about becoming disabled, but the ramifications are undeniable. Here's where disability insurance steps in. It helps protect against financial catastrophe, ensuring that your family will have enough money to meet its living expenses. Although the importance of disability insurance is obvious, the coverage remains a puzzle to many.
Most people think a disabling injury or illness is a remote possibility.
The statistics tell another story, however. People in their early 30s are three times more likely to suffer a disability lasting three months or longer than they are to die. Nearly 33 percent of all people will suffer a serious disability between the ages of 35 and 65. The average disability will last more than five years, but for 30 percent of those disabled, it will persist for life. These statistics show the importance of having adequate insurance protection.