As Shapiro points out in No Pity, everyone will eventually have some sort of disability, whether it is from an accident, genetic conditions, or simply old age. In order to prepare for this, a new innovation, namely disability insurance, might be the next most popular insurance product in the coming decades. After life insurance, car insurance, and home insurance, disability insurance seems like the next smartest move. This article, from the Miami Herald, points out that many people are under the false impression that social security will take care of them should they become disabled.
I think that disability insurance is a great and soon to be very important development. Though many people won’t be able to afford it at first, I think that through employer sponsoring and government aid, that it will be accessible. It is also a very supportive of disabled people and prevents stigma behind disabilities by letting the public know that disability will affect each person’s life at some point. Also, new medical inventions that will come in the future will be extremely expensive. Disability insurance will help alleviate the financial burden of people that need the new/updated technology. Overall, I think disability insurance is a smart move and that more people should invest in this new product.