Disability Insurance

When we ask people what their greatest asset is, most of the time they say their home, car, motorcycle etc...  These are assets, however your greatest asset is your ability to earn an income and pay your bills.  If you are hurt or sick and can not go to work, will you still get a paycheck...? The most popular answer is no, and unfortunately we can not call the bank and tell them we are hurt or sick and to stop all of our bills until we are better. I do want to mention that while obviously disability insurance is one of the most expensive insurances, you must know that your chances of becoming disabled prior to your retirement is much greater then you dying prematurely especially with riding and racing and having an active lifestyle.

With that said, disability insurance is designed to protect your income by sending you a monthly benefit to pay your bills if you become disabled and can not perform the duties of your occupation. No one knows what the future holds. Hopefully mostly good things, but realistically bad things will happen too. The good news is that there are things you can do to smooth out the rough times that inevitably lie ahead.  Understanding this simple fact helps to explain why disability insurance is important and why the premiums are more expensive.