It is imperative upon each of us to protect ourselves and families in whatever ways we can. Years ago, after being diagnosed with MS and other unexpected problems I made up my mind that I need to do more. Understanding the gravity of this illness and living day to day with the unknown aspects of how disease may cause more problems if I was unable to work, I began looking into disability insurance. There were many occasions when I could have used it, but I didn't. When my body could no longer tolerate the stress seven years later, I found it was the best financial investment I made other than contributing to my retirement fund.
My suggestion to anyone, in addition to the chronically ill and the self employed, if possible make the provision to protect your income or at least a portion of it and buy investing in disability insurance. Many of us know of someone who was healthy yesterday and on their back the next. Now, if you're one of the few who don't need their paycheck, this definitely isn't for you. For any others, like me who need to think about replacing all or part of their income or suffer financial suicide and in the worse case scenario put you out of work, disability insurance will ease many of the burdens one may encounter.
These days, as state and federal government are near financial collapse, we must change along with present conditions even if it means giving up something else.
