We found this article on NPR News and thought it was worthy of a blog post.
“It won’t happen to me.” Maybe that sentiment explains the attitude of many employees toward long-term-disability insurance, which pays a portion of your income if you are suddenly unable to work for an extended period because of illness, injury or accident.
Sixty-five percent of respondents surveyed this year by LIMRA, an association of financial services and insurance companies, say that most people need disability insurance. But the figure shrank to 48 percent when people were asked whether they believe they personally need it. The proportion shriveled to 20 percent when people were asked whether they actually have disability insurance.
Read the Complete Article Here.