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	<title>New answer on: Why Have Long Term Disability Insurance?</title>

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		<title>By: David Racich</title>

		<link>http://insurancelibrary.com/disability-insurance/why-have-long-term-disability-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Mon, 10 Jun 2013 23:44:47 +0000</pubDate>

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		<description><![CDATA[Social Security Disability Insurance may help some, but not anywhere close to your annual compensation. Your employer may have short term disability insurance inside the company’s employee group benefit plan. That can help, but only as a supplement. Most Americans have 90 days in cash reserves for household expenses. And the odds of experiencing a disability over your working life time are surprisingly high. The average time spent on full disability is 30 months. Depending on your gender, age, smoking status and health condition, you may need to pay 5 to 8% of your compensation to purchase ling term disability insurance.
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