Now let’s consider what it looks like when you are disabled and not working:
Your income is reduced or stop.
Expenses will most likely increase, requiring you to rob from your savings tanks.
You exhaust your savings and investments to support your lifestyle.
After you exhaust your savings and investments, you will have to borrow to fund your lifestyle. Since your income has stopped or is reduced, it will be difficult to borrow money so you will have to rely on high interest rate credit cards or take a personal loan possibly from a family member.
|