Disability Insurance
(Continued)
Disability insurance helps replace a portion of your income should an illness or injury prevent you from working. But what are the chances of something like that happening to you? That’s a number you can calculate, and it’s called your Personal Disability Quotient (PDQ). A PDQ takes into account a person’s gender, age, occupation, lifestyle, and some general health information to determine the chance they could become too seriously injured or ill to work for an extended period of time. Another way to think of your PDQ is your chance of not being able to earn an adequate income.
You can visit the Council for Disability Awareness’s PDQ calculator at WhatsMyPDQ.org for an estimation of your PDQ. It will also include the odds for how long your inability to work may last: three months, a year, five years, or more. Knowing your PDQ will help you decide if purchasing additional insurance coverage is a good idea—the higher your PDQ score, the more likely a medical reason could put you out of work.
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