Despite the risks, a large majority of U.S. workers -- 82 percent -- either have no long-term disability income coverage or inadequate coverage, according to a 2000 survey by the Consumer Federation of America and the American Council of Life Insurers.
Alan Ziegler, president of the Society of Financial Service Professionals, says disability insurance is financially as fundamental as retirement planning, life insurance coverage, and saving for children's college expenses. "A very high percentage of people are going to be impacted by a disability. And when you match that against the fact that it's horribly undercovered, it's a real problem."
To make sure your family is covered, start by determining whether you have enough disability insurance and how to buy more if it's needed. Then, you need to answer some key questions: