Title: Is Disability Insurance Really Necessary? - 2020
Headings: Is Disability Insurance Really Necessary?
Is Disability Insurance Really Necessary?
David Racich PRO
Kevin Haney
Jason Goldenzweig PRO
Larry Gilmore PRO
Add Your Answer To This Question

Content: It is possible that you may have short term disability through your employer’s group benefit plan. Still the combination of all three will generally fall short of sufficient coverage. The average American worker has 90 days in cash reserves. The average long term disability period is 30 months. The odds of being disabled during your working life are a statistical probability, more than death. Is disability insurance protection with 5-8 % of your pay? You make the call! Answered on June 19, 2013
+0
1 0
+1 this answer
flag this answer
view more answers by David Racich
47 POINTS
view profile
Kevin Haney
A.S.K. Benefit Solutions, New Jersey
Disability insurance is not necessary if you have enough savings to fund your lifestyle. Many people have student loan payments, mortgages, property taxes, and car notes along with expenses to feed and cloth their families. Plus, if the primary breadwinner is disabled there may be additional medical expenses.