Do You Need Long Term Disability Insurance? 
That depends on how long you could live without your paycheck . Long term disability insurance is designed to replace a portion of your income if you were to become sick or injured and could no longer work . Consider how much your ability to make an income is worth . If you make $ 50,000 per year and assuming you never got another raise and were planning on working for 30 more years , your income would be worth $ 1,500,000 -LRB- $ 50,000 X 30 -RRB- . This about it this way ... if your car is worth $ 15,000 and lets assume you pay $ 100 per month for car insurance . If your income is worth $ 1,500,000 , does n't it make sense to pay $ 100 per month for a long term disability policy to protect that ? 