The Need for Disability Insurance

Do you understand what your need for disability insurance is?

Some people may say, house, car, 401k, investment account.

What do you say?  Write down on a piece of paper or in a text document what you think your most important asset is.

Got it?

Okay looking at what you think your most important asset is, let me ask a few more questions.  Insert this asset into each of the blank spots.

Disabilty Insurance

• If you didn’t have ______________ (this asset) would it affect your lifestyle?
• If you didn’t have ______________ (this asset) would it affect your family?
• If you didn’t have ______________ (this asset) would you be able to pay the mortgage or rent?
• If you didn’t have ______________ (this asset) would you be able to buy food, or pay the electric bill, or any bill for that matter?

How did your most important asset stand up to these questions?

Watch this short video by Kiplingers.

Does the ability to earn an income make more sense than a house, car or even an investment account?

What is your need for disability insurance?

You may also be interested in What’s involved in getting a disability insurance policy.