Today there was an article from Insurance News where the President of The National Association of Insurance Commissioners, Walter Bell, stated: “. . . disability insurance is critically important in having financial security.”
This was based on a study from The National Association of Insurance Commissioners that indicated:  “….NAIC said majority of Americans are not ready to cope with the possibility of becoming disabled and unable to work. More than half of the respondents said if they were unable to work for a year because of disability they would not be able to pay their bills or meet expenses. While the effect of disability on finances can be significant, 87% of the respondents believe disability is something that won’t happen to them.”
Even though 87% of respondents said that disability won’t happen to them one of the statistics on disability as stated in the article is as follows: “In 2000, the U.S. Census Bureau reported that almost 20% of the population suffered from some form of long-lasting condition or disability. Social Security cited a study showing that a 20-year-old worker’s chances of becoming disabled before retirement is 3 in 10.”