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	<title>New answer on: How Much Income Does Disability Insurance Replace?</title>

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		<title>By: Tim Wilhoit</title>

		<link>https://insurancelibrary.com/disability-insurance/how-much-income-does-disability-insurance-replace</link>

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Thu, 14 Aug 2014 14:16:22 +0000</pubDate>

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		<description><![CDATA[First understand there are two basic types of disability insurance. The first is a short term disability plan. These benefits are usually a fixed amount not to exceed 70% of your current income and can start paying almost immediately. These short term plans can pay daily, weekly or monthly but for a shorter period of time usually a few months to up to one year. The second type of disability is long term disability plans. These benefits have a longer elimination period usually 30-60-90-180-360 days before benefits commence but will pay for years or up to age 67 years old. Most long term plans will pay up to 70% of your current income at time of claim.]]></description>

		

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		<title>By: Steve Bartholomew</title>

		<link>https://insurancelibrary.com/disability-insurance/how-much-income-does-disability-insurance-replace</link>

		<dc:creator>Steve Bartholomew</dc:creator>

		<pubDate>Thu, 14 Aug 2014 12:43:29 +0000</pubDate>

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		<description><![CDATA[Disability insurance replaces a percentage of your gross monthly income, often in the 60% to 75% range.  In some cases, with very high incomes, the percentage is lower, like 40% to 50%.  Personally owned and personally paid disability insurance is usually a tax free benefit at time of claim; this is one reason for the reduced percentage.  Another reason is that the insurance company must maintain an incentive for people to return to work;  you should always make more money working than collecting disability insurance benefits.]]></description>

		

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