By Stephen Pate, NJN Network, Charlottetown, PEI Canada, January 27th, 2009
No one plans to become disabled at age 20 but you have a “3-in-10 chance of becoming disabled before reaching retirement age.” according to the US Social Security Service. Every prudent driver carries car insurance but your chances of an auto accident in your lifetime are 1 in 84. Odds of becoming disabled are the highest risk we all face. Good idea to carry long term disability insurance. While helpful, US Social Security or CPP Disability are not going to pay the bills. Check out the Social Security site. They have an online resource centre to help at Disability Planner – Social Security Protection. In Canada, it’s at Canada Pension Disability.
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