Just over six in ten Americans say that protecting their income in the event of a disability is a top financial goal, but only 8% have a disability income insurance policy, according to a new study.
The Northwestern Mutual Life Insurance Company, Milwaukee, published this finding in a summary of results from a study, “The State of Planning in America.” The study’s release in May coincides with Disability Awareness Month.
Among other top financial goals identified in the study are “having a good standard of living in retirement” (77%) and “not falling below [one’s] current standard of living” (76%).