Unfortunately, the risk of becoming disabled is twice as high as the risk of early death. And most disabilities are caused by health conditions like stroke, heart attack or cancer—not by accidents or injuries. The fact is that just over 1 in 4 of today's 20-year-olds will become disabled before they retire.
Most people understand the need for life insurance. Yet, the truth is, a long-term disability can be just as financially devastating to a household as a death. After all, income is the foundation of the lifestyle you’ve created. If that income abruptly stopped, how would you maintain your household, cover expenses, repay student loan debt or continue to plan for your future? Could your savings alone sustain your family for a period of months, or, even worse, years?