Just because you don’t work in an environment that isn’t overly risky, such as on an oil rig or in a mine, doesn’t mean that sudden disability isn’t a risk to you. 1-in-4 adults currently working are expected to have a disability by the time they’re 63 years old. This means that we all have to prepare for the risks and do what we can to mitigate them.
A lot of people don’t realize quite how much financial risk they are in. We think of real peril as being not having any job, having more debt than you can manage, and so on. But the truth is that even if you are earning well, unless you’re truly prepared for financial risk, losing your ability to make money can instantly raise the stakes to a serious degree. If you’re not yet on the threshold of financial independence, you have to protect yourself.