I just discovered this article from The Washington Post written in the wake of Katrina entitled; “Lessons to Carry Away from Katrina”. The author, Michelle Singletary, writes a regular financial column for The Washington Post. In the article she asks: “….do you have disability insurance, and are you adequately covered? If you were injured in a natural disaster, would you be able to live off your savings?” The article, which mentions the quote above on disability insurance, is worth reading (and applying the advice) because it contains a list of things to check in your financial life to make sure you’re ok in case of a natural disaster.

As we have said throughout our site at protectyourincome.com - your income is probably your most important asset and unfortunately is also the least protected of those assets unless you have disability insurance. This is one kind of insurance that the “experts” in the media apparently agree with 100%. Here’s an article from msnbc written by Jane Bryant Quinn about disability insurance. Here’s an excerpt from what she had to say: (I’ll have to borrow that “circus act without a net” quote.) DISABILITY INSURANCE Your earning power is your most important asset. If you fall off a roof and wind up in a wheelchair, how are you going to pay the bills? That’s what disability insurance is for. It pays you a regular benefit—say, $3,000 or $5,000 a month—if you’re too sick or injured to earn a paycheck or can’t earn as much as you did before. If you have to work for a living and have no disability insurance, you don’t have a financial plan. You’re a circus act without a net. It couldn’t be said better