According to insurance companies and their agents, you have an 80 percent chance of becoming disabled during your working years. I’m not sure about you, but that statistic just doesn’t mesh with my experience in life and the experience of people I know.
Ron Lieber, author of the Your Money section of the New York Times, has a great article about the true odds of becoming disabled. I can’t do a better job than him in sharing the info he learned, so I recommend you check it out for yourself. I also want to share a link to a graph in the article because I want you to see it.
I found this article from The Oblivious Investor who wrote about it on Twitter.
What do you think about the true odds of becoming disabled and your need for disability insurance? Let me know in the comments.
If you enjoyed this, you might like:
- Handling Health Emergencies with No Insurance
- The 10 Times Your Income for Life Insurance Rule Is Stupid
- Ruffling a Few Primerica Feathers
- Negotiation Skills: How to Increase Your Salary, Lower Your Bills, & Avoid Bogus Fees
- You Don't Need to Be an Expert to Be Successful