Disability insurance is often overlooked as a safety net

Disability insurance can replace up to 70% of income lost because of an inability to work, but 70% of workers have no long-term disability coverage. More than 1 in 4 20-year-olds today will become disabled before they reach 67, according to the Social Security Administration, and 43% of today’s 40-year-olds will be disabled for 90 days or more before age 65, the Insurance Information Institute says. “After you run through the emergency fund, long-term disability insurance can be a lifesaver,” writes Catherine Fredman. ConsumerReports.org