| Never has there been more unanimity from financial | | | | learn about and then obtain a disability insurance policy. |
| experts, educators, media on a financial strategy than | | | | This is not quite as easy a process as getting other |
| the advice to insure one's most valuable asset, one's | | | | kinds of insurance. Why is it not simple? |
| future income, with disability insurance. | | | | First of all there is a great difference among the |
| A look at the statistics tells you why. Most people don't | | | | disability insurance programs available. Contract |
| know the actual data of the likelihood of disability or | | | | provisions differ among companies. The biggest |
| the devastation that a loss of income can cause. | | | | difference is how each one defines disability. The |
| Without getting pessimistic one can still take a rational | | | | wording you should look for in a disability insurance |
| look at one's own life and see what would happen if | | | | contract is one that defines disability as the inability to |
| income stopped for a long period of time or worse, for | | | | perform the duties of one's own occupation. |
| the rest of one's life. | | | | Also, look for a policy that has a generous recovery |
| A study was done where people were asked what | | | | and residual benefit. This covers the important area of |
| the chances were of becoming disabled before they | | | | what happens when or if one returns to work after |
| retired. The survey showed that the average estimate | | | | disability and the likely continuing partial loss of income |
| was a 16% chance. The actual statistics are that men | | | | for some time when one rebuilds one's business. How |
| have a 43% chance of a long term disability and | | | | this is treated is different from company to company. |
| women a 54% chance. Also, since most people, | | | | So, how do you investigate? With the internet, there is |
| especially families get life insurance, to compare the | | | | now abundant material available. At one site, |
| statistics for death and disability, for example, it is four | | | | Protectyourincome.com, you can watch educational |
| times more likely at age 42 that a person would have | | | | videos on disability insurance, read more on the |
| a long term disability than die before age 65. | | | | different details and obtain quotes from the leading |
| So what is the solution? Take the time to investigate, | | | | disability insurance companies. |