According to the Social Security Administration, more than 25% of individuals ages 20 and older will be temporarily or permanently disabled before reaching retirement age. People are generally advised to have a minimum of 6 months of salary saved up in case of debilitating illness or injury causing the individual to be unable to work. The reality is that most people are not financially capable of this and are living paycheck to paycheck. How will they pay their bills or provide for their families if they are unable to work?
Many employers are generous enough to give their employees company-paid short term and long term disability coverage that provide a source of income in the event an employee is unable...Read More