According to a study by Metlife, when asked to list their assets, many people do not include their ability to earn an income.
- Only 58% of full-time employees say they have disability income insurance protection. Nearly half of those, 41%, admit they don't know how much protection they have.
- The majority of working Americans (59%) have taken no steps to determine their households' needs with regard to disability coverage.
- For single people -- who likely have only their own income to rely on -- and young families -- the majority of whom (59%) admit to living paycheck to paycheck -- the loss of steady income can be especially devastating.
It's something we all take for granted. The ability to work. Just think about it. What would you do if you weren't able to earn money for ninety days, a year or even longer? How would you pay for your martgage, food, cars and other bills? How long could you adn your family survive?
In the event that an individual becomes unable to work because of sickness or injury, disability income insurance can replace a portion of lost income, helping to ensure that day-to-day living expenses are covered and that long-term financial goals can be addressed.
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