Pasadena, CA (ContentDesk) — Two studies reveal that nearly 50 percent of bankruptcies and mortgage foreclosures are caused by disability. A study done by Harvard University revealed that in a review of bankruptcy filings disabling medical problems led to nearly half of the 1.458 million bankruptcy filings - based on 2001 filings.A study by the Housing and Home Finance Agency of the U.S.

With thousands of clients through our web site and associated agencies we find that the first thought of most people with families is to have adequate life insurance which is now very easy to get online through sites like www.lifeinsure.com but people overlook insuring their income. Part of the reason is that there are so many fewer insurance companies marketing disability insurance because of the high potential claims. Also, most insurance agents are not trained as well in this type of insurance because their primary company usually doesnt market it!

Other disability statistics (among many that can be found on the protectyourincome.com web site):1. Approximately one out of seven people who are between the ages 3565 can expect to become disabled for five years or longer. 2. Almost 30 percent of the people who are between the ages 35 and 65 will experience a disability that lasts at least 90 days during their working careers. 3. If you put away 10 percent of your income each year, then simple arithmetic says that one year of being totally disabled could wipe out the 10 years of principal that you put into your savings.4.

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