Is Long Term Disability Insurance A Good Investment? 
The literal definition of investment is `` the action or process of investing money for profit or material result . '' The basic categories of financial investments are ownership -LRB- stock , real estate , etc -RRB- , lending -LRB- bonds , CD 's , etc -RRB- , and cash equivalents -LRB- money market fund , CD , etc -RRB- . Disability insurance does not fit that definition and does not fit into any of those categories . However , informally , people often use this phrase as a way of asking : `` Which is a better way of spending my money ? This or that ? '' I imagine you are looking at your paycheck and wondering what is the most responsible way to spend it , considering all the things that could happen in the future . Well , based on that , Disability Insurance is a usually a good investment , because the chances of you becoming disabled are much higher than you dying , or going to a nursing home , or many of the other types of insurance out there . Also , losing one 's paycheck has a great impact on most families . If your paycheck is not crucial to your family , getting life insurance or other types of insurance may be a better investment . 