[CCFREEDOM]

I have applied for disability insurance with MetLife. The premiums are $375.00 for my personal and $80.00 for my business. I really should be concentrating on paying off my $54,000 debt., but have been too worried about getting sick and not being able to work. I am in my early 50's, I am self employed and depend on my income to protect my assets.

The insurance would pay $4000 indefinitely for my personal and the business would pay $3000 per month for a year to keep the business running.

I make about $10,000 and out of that pay myself $4,000 to pay my home bills. I have created a budget for my business as well as for my home.

My business overhead is $2300, I pay myself $4,000, have scheduled a savings plan of $800 per month. I am hoping to pay an additional $1400.00 towards credit card payments.

It looks good when I write it and looks good on the budget sheet..but since I havent worked on a budget in so long...I am trying to catch up and its very hard....but I am looking forward to a nice flow as I pay my bills.

Anyway...is having this disability insurance policy a smart idea?