Protect Your Assets: Don't Neglect Disability Insurance

    by Michael P. Franks

    Suppose you had spent months training for a marathon and on race day, as you prepare to go to the starting line, you discover that your shoes—your most critical piece of equipment—have a huge rip in them, or they are just plain missing. And ... you don’t have any other backup pair.

    It may be hard to believe that anyone would be so careless as to leave their most important asset unprotected. Yet according to the Bureau of Labor Statistics less than a third of all workers in private industry have long-term disability insurance, and only 40% of professional workers have disability coverage.

    Individuals insure their homes and all their possessions. Many people would not leave their driveway unless their car insurance is paid up. And, most wage-earners insure their own lives—and sometimes even their pets!

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