Fiction: There's no reason for me to get disability insurance.
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Fact: Disability insurance isn't a popular subject, but it's one everyone should consider. According to the Council for Disability Awareness, today’s 20-year-olds have a more than one in four chance of becoming disabled before they retire. Beyond the physical challenges, disability also means lost income for the worker's family. When you can't work because of illness or an accident, disability insurance will replace a certain percentage of your income, depending on the policy. Self-employed professionals and small business owners are ideal candidates. Individuals whose salary represents their family's sole or primary source of income also risk financial trouble if they're not covered. In general, people who would find it difficult to maintain their lifestyle if their income were interrupted should look into disability coverage.
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