Is it smart to buy disability insurance? And if so, when is the best time to buy it?

Naturally, without understanding your complete financial situation it is not possible to give a straight “yes” or “no” answer, but this post contains some basic considerations and recommendations.

You are far likelier to become disabled for half a year or even more during your working years than you are to die. Even at age thirty you have a one in five likelihood of becoming disabled for a year or longer.

Even one year without revenue could be catastrophic to your financial affairs. At the very best you would need to exhaust your emergency savings. At worst, you will not have enough saved up to cover all of your expenses and have to turn to taking on debt. In some situations, a long term disability can force a person into insolvency.

The best time to get disability coverage is before you are hurt or ill. You want to buy your insurance before anything happens to you, because if you wait, you might not be insurable. Also, the costs are more affordable when you are healthy.

If you have a long term disability and you have filed a disability claim that has been denied, you need to hire highly qualified long term disability lawyers. they can win your case or get you the settlement you deserve. A skilled disability insurance attorney can also help you get through the process of getting your claim approved and avoid a denial in the first instance.