Is it Worth the Gamble
Disability insurance is expensive. And times are tight right now for most people because of the recession that has been facing the economy. A lot of people take a huge risk by not investing in long term disability insurance because they just don’t see themselves getting sick or hurt. Others think that the government will take care of them with disability benefits, but it does not usually work out that way.
If you do get sick or hurt and can not go to work or make money, any cash you have on hand can get burned up pretty fast. And if you can’t make your mortgage payment, the bank doesn’t really care that you are sick or hurt. They will not hesitate to foreclose on your house. Just like the way that they could care less about why you didn’t make your care payment when they repossess your car.
Even the people you think have lots of money are at risk. Take doctors for example. They have big nice houses, drive fancy cars and belong to the country club. But if something were to happen to them they would no longer be able to afford these nice things unless they had physician disability insurance. So it probably is worth the gamble.
Comments
Leave a Reply