<prompt> Human: There is a discussion over in rtodayilearned about bankruptcies due to medical costs. The article includes:They concluded that 62.1 percent of the bankruptcies were medically related because the individuals either had more than 5,000 or 10 percent of their pretax income in medical bills, mortgaged their home to pay for medical bills, or lost significant income due to an illness.So if you get sick and insurance pays 100 of your medical bills, but since you cant work, youre forced to declare bankruptcy, its considered medically related.I dont want to discuss politics here, but more about an individuals safety net that they prepare for themselves. What does PF think about long term disability insurance? Personally, I think Long Term Disability Insurance is one of the most overlooked form of insurance out there. By the time you reach age 30, youre more likely to be disabled than to die before you reach age 60. 70 of the private sector workforce folks who dont work for the government have no long-term disability insurance. One in seven workers can expect to be disabled for five years or more before retirement. The average long-term disability absence lasts 2.5 years.Loss of income due to disability was a major factor in 50 of all mortgage foreclosures. Only 38 of the 2.3 million workers who applied for Social Security Disability Insurance benefits in 2008 were approved. For those approved, the average monthly SSDI benefit was 1,064. Only 10 of disabling accidents or illnesses are work relatedWorkers Compensation doesnt cover the remaining 90.If you save up an emergency fund that will cover 6 months of living expenses, and buy long term disability insurance, the emergency fund will last you until the LTD kicks in. It costs me 25month for a long term policy according to a quote I just got. I feel like its a wise choice and its rarely talked about.What does PF think?  <response>: I worked in social security disability representation. Our clients with LTD insurance lived exponentially greater lives while trying to obtain social security. Those without almost always went without healthcare and a lot were essentially homeless. Id recommend it. 