A serious illness at a young age can trigger a financial crisis
Our ability to earn an income can be interrupted by disability, sickness or accident (see below link).
SHARRATT, A. (2017, June1). A serious illness at a young age can trigger a financial crisis. The Toronto Star. Retrieved from www.thestar.com
In that event people can become rapidly financially distressed in the absence of an emergency sinking fund or accumulated capital.
As many young people have not had the time to accumulate either – disability income and critical illness insurance are important considerations in your financial planning portfolio.