Do young professionals really need disability insurance?
Whether you are single, and don't have a second income to help pay your bills, or married and have a family to support, long term disability (LTD) insurance is a necessity. In fact, many financial professionals think disability insurance is more important than life insurance for professionals your age. Yet, it is one of the most overlooked types of insurance.
Don't think a disability can happen to you?
Consider these causes behind common disabilities for people your age: Car accidents, back injuries, pregnancy complications, fitness injuries, cancer, and vision loss. At any stage in life, anyone who works--married, single, with or without children--should consider long term disability insurance.
Your benefits from LTD insurance can help you pay for: medical co-pays, mortgage, rent, credit card bills, utilities, loans and other everyday expenses. And you can be covered for less than $8/month. Click here to see Frequently Asked Questions from your fellow AICPA members, including why employer plans may not have you covered, and more.