Archive for July, 2008

July 6th, 2008

Don’t buy disability insurance?

A recent Newsweek article quoted an “insurance planner” who doesn’t buy disability insurance for himself.   Here’s the quote:  “The chance that you’ll ever be too disabled to earn a living is far less than you’ll hear from your insurance salesman. Before you buy, think about your lifestyle. “If you could do your job from home, you’ve reduced to a minuscule percentage those things that could keep you from earning a living,” says ____ an insurance planner who doesn’t buy disability coverage for himself.”

The statistics about disability are clear and obvious.   See the protectyourincome.com website’s education center to see the facts. 

What’s most objectionable about this article is that someone might follow this advice and then become financially ruined because their largest asset, their income, would disappear in case of a serious, long term disability.