If you have a machine in your basement, that you knew could produce $2,000,000 during your lifetime, for how much would you insure it?
I get it. Game of Thrones or The Housewives of Beverly Hills is much more entertaining than thinking about disability insurance!
But here’s the bottom line: How long could you go without your paycheck before you’d feel the financial pinch? If you’re like most, it would be a month or less, according to a new Life Happens survey.
So what if an accident or illness kept you out of work? How would your monthly expenses and bills get paid? That’s what disability insurance is for. It pays you a portion of your paycheck until you can get back to work.