How Much Disability Insurance Is Enough?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaDisability insurance is paycheck insurance that protects your income during periods of disability when you can’t work. If you work for a living and you have to work to live, then disability insurance is paycheck insurance to protect your income in case you are unable to work. Disability insurance may be the most important coverage you should consider. Most Americans has 90 days in cash reserves. A disability is a high probability event during your working lifetime.Answered on July 4, 2013+01+1 this answer
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5877 POINTSview profileStan Cox IIInsurance Adviser - Broker, SC Insurance Services, Oahu, HawaiiTypically disability insurance benefits are equal to a maximum of 60% of the insured's income. The maximum one can buy then is based on the annual income of the individual. If you can live comfortably on a lesser amount than 60% of what you earn, then you may consider buying a policy that would pay less than 60% of your earned income.Answered on May 25, 2015flag this answer
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