Do I really need long-term disability insurance?

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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:

    1. expensive medical bills


    2. lost income due to disability.

Health insurance protects against the first risk, and long-term disability insurance protects against the second risk.