How Much Disability Insurance Coverage Do I Need?
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63333 POINTSview profilePeggy MaceMost of the U.S.Most people feel that they need as much Disability Insurance as they can get, which is approximately 70% of one's regular income. The reason is, most people spend most of their income every month and feel that they could not get by on any less than that. If you only spend 50% of your income on normal expenses each month, you could consider taking 50% of your monthly income in Disability coverage.Answered on June 8, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaYour need as much disability insurance coverage allowable by the issuing company to protect your compensation. A combination of deductible disability insurance coverage and your retirement contribution protection can come close to covering your earnings. If you’re a business owner you can also buy overhead expense and loan protection through disability insurance policies that are specifically designed for those business expenses.Answered on June 8, 2013+01+1 this answer
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