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Disability Insurance Facts
I heard lot of people say "I don't need disability insurance. I have a cool job. None of my family members are taking any medications".
The fact is that only 13% of disabilities are due to injury. (Source: A survey done by the National Institute on Disability and Rehabilitation Research) The disability may strike you in the form of a cardiovacular, cancer, heart problem irrespective of the occupations.
In a survey conducted by The Consumer Federation of America and The American Council of Life Insurers it was found that 82% people were found not having long term disability insurance. It shows how people are not aware of the chance of striking with disability.
Benefits provided by the employer are taxable and an individual policy purchased by you personally gives coverage free of income tax.
Disclaimer: The above provided information is for general guidance only. It is not intended as, nor should it be taken to be, legal, financial or other professional advice for your situation.
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