Two more reasons for disability insurance

1. Statistics show that most people, no matter their income, spend or have financial commitments that use up 65 percent to 75 percent of their cash flow. Many people spend 100% of their cash flow. If you just think about your level of monthly financial living expenses and commitments you can see that you that something has to replace that cash flow if you're disabled. Get disability income insurance of at least 60 percent of your earned income. If not how will your monthly commitments be paid? 2. Here's some simple arithmetic: Basic financial planning says your should save a minimum of 10 percent of your income each year. If you are disabled for just one year without earned income you wipe out approximately 10 years of savings.