Purchase long term disability insurance.  You are twice as likely to become disabled from age 30-65 as you are to die.  Long term disability insurance is almost unheard of for bankruptcy clients.  Some of my clients might have purchased a modest short term disability policy but hardly any of them think it is necessary to purchase long term disability.  If you are disabled for 3 months, you could probably maintain your current lifestyle if you save in accordance with #10.  But if you were disabled for a year, how would you pay your bills for that lengthy amount of time?

For more information on bankruptcy, please visit http://www.abankruptcyfirm.com/ or contact your Kansas City Bankruptcy Lawyer, Betsy Lynch at 816.434.6616.

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