Comments on: Planning for Disability

By: Shelley Louis

Shelley Louis — Fri, 03 Apr 2009 13:56:06 +0000

The sad thing is that accidents can happen, whether you’re prepared or not. I would rather have insurance than not, but in this economy I wonder if it is a good financial move to add one more bill to my already long list.

By: Victoria Arajuo

Victoria Arajuo — Fri, 03 Apr 2009 13:54:23 +0000

Whether you decide to go with specific disability insurance or not, I think the lesson here is always be prepared. You never know what might happen tomorrow, so save your pennies, have a plan mapped out with your support network for various contingencies, and keep your lifestyle expenses reasonable.

By: Evey Swan

Evey Swan — Fri, 03 Apr 2009 13:52:33 +0000

The key to dealing with all of this is just to do your homework. Read through your employer’s disability policy, talk to several insurance companies – but do it with your eyes wide open. These companies are businesses, they are out to make a profit, not just help you out.

By: Demi Jane

Demi Jane — Fri, 03 Apr 2009 13:51:14 +0000

I remember a long time ago my uncle became disabled due to an accident in his 40s, and through a combination of workers comp, social security, and other federal benefits he was able to stay afloat. However today we can’t count on that type of government safety net – we need to provide our own.

By: Bree Shoute

Bree Shoute — Fri, 03 Apr 2009 13:48:28 +0000

This article gets to the heart of this issue right away: it isn’t really about you, it’s about your family. Disability can financially hurt the entire family, whether it is the breadwinner or the homemaker who is disabled. Even if income is not lost, the cost of care is so high that it will suck up all resources unless insurance is in place.