Your future and your income are tied together. Life changes quickly when a diagnosis is given or when an accident occurs. The key financial fears we all have are: a. dying too young, b. living too long and c. getting injured or sick & loosing independence along the way. You don’t want to be the story told amongst your friends and colleagues.
You need properly designed & coordinated disability coverage during your working years. You need to: maintain your lifestyle, ensure your future (disability insurance can be designed to make your qualified plan contributions), ensure your children’s success (education funding), take care of your spouse. Properly designed coverage that takes into account the your insurance through your employer is critical.