How Much Disability Insurance You Need?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Regulations will only allow between 50 and 80% of your income in most cases.  Disability insurance is designed to help pay the bills if you become disabled for a period of time.  Look at the maximum you are allowed based on your income.  If you feel you can get by with less then adjust it accordingly.
    Answered on May 21, 2013
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  2. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    If you have already taken out the max coverage with a private disability insurance, look into other forms of coverage that will give you even more protection.  Critical illness insurance would offer a lump sum payout that could help get your through the elimination period of your DI policy.  Also, if you're a business owner, you can get additional coverage to help keep your business running.
    Answered on November 26, 2013
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