A life-changing disability would be financially devastating for most Americans. The risk is higher than most people realize. One in four of today’s 20 yr olds will become disabled before they retire. In fact the average 20 yr old is more likely to become disabled than dying before age 67! Women are also increasingly more likely to experience higher rates of disability than men. Moreover, social security disability benefits are not available if you’re expected to be out of work for less than one year. One year without income could deplete your savings. Most long term absences are due to illnesses, not accidents, and you should have disability even if you’re young and healthy. Disability insurance replaces a portion of your income when you can’t work. A good rule of thumb is to protect 60 – 80% of your after tax income. Some is better than none, and it’s important to make sure you know how much your employer provides. Basically if you or others depend on your income… you need it!