He had to withdraw from his retirement savings to cover rent and medical bills, a move that experts warn can reduce a future "nest egg" by nearly half.
Elias eventually recovered, but the financial scars lasted years. He realized that while he had insured his car and apartment, he had failed to insure his "most valuable asset"—his ability to earn. People Aren't Buying Disability Insurance, But They Should should i buy disability insurance
Meet Elias. At 32, Elias was hitting his stride as a graphic designer. He had a solid "nest egg", a cozy apartment, and a weekend habit of mountain biking that kept him sharp. He often saw the "voluntary benefit" for disability insurance during open enrollment but always skipped it, thinking he was "young and healthy" and that such things only happened in "freak accidents". He had to withdraw from his retirement savings
Then, a simple patch of wet leaves on a Sunday trail changed everything. People Aren't Buying Disability Insurance, But They Should
His credit card balances climbed as he struggled to pay for "rehabilitation services and adaptive equipment". The Turning Point