At any given age, the odds of becoming disabled are much higher than the odds of dying. One out of every seven workers will suffer a five-year or longer period of disability before age 65.
Many people forget to think about how they would survive financially with no earned income and to complicate matters most employers do not offer disability insurance; those that do typically offer it in the form of workers compensation but this only provides benefits if you are hurt on the job.
Disability insurance, however, is designed to replace your income on a tax-free basis should a sickness or illness prevent you from earning an income in your occupation whether the sickness or injury occurs on or off the job.
If you’re working and you or your family need your income to survive, then you absolutely need disability insurance.