Published April 21, 2015|1 min read
If you need your income to pay for housing, food and other expenses, and have no other means to support yourself if an illness or injury kept you out of work (and without a paycheck) for over 90 days, then you are a good candidate for long-term disability insurance. Long-term disability insurance is like the paycheck side of health insurance; both protect you against the financial risks of poor health.Serious health problems are the underlying cause of most personal bankruptcies and home foreclosures in the US, due to:
Health insurance protects against the first risk, and long-term disability insurance protects against the second risk.
Get essential money news & money moves with the Easy Money newsletter.
Free in your inbox each Friday.