Unless you have readily available cash at hand you may well be in a very vulnerable financial position.
Mortgages, housekeeping, school fees, loans, utility bills are just a few of the countless examples of expenses that continue even if you are not producing an income !!
Long term illnesses and in-capacitance such as cancer therapy treatments can wreak havoc with family finances at a time when most can ill afford it.
Worries and stress related to financial issues are known to exacerbate medical conditions and hamper recovery - creating a vicious cycle that can very quickly build into a mountain of debt.
Lets face it , the law governs that we insure our motor vehicles , vehicles that are maybe worth USD 50,000.00 and yet the vast majority of people have never considered insuring THE most important commodity - our ability to earn income !!!
Looked at another way , if your currently aged say 40 earning USD 50,000.00 your potential lifetime income excluding pay rises , indexation etc etc up to age 60 will be USD 1,000,000.00 - a million dollars !!!