How Much Long Term Disability Insurance Should I Get?

  1. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    When purchasing long term disability there are two factors to determine how much to purchase. Most disability insurance companies will allow you to purchase enough benefit to cover up to 70% of your current income. That is always the optimal amount to purchase. However, the second factor usually determines the amount. How much monthly premium can you comfortably afford? The best disability insurance plan is worthless if you can't afford the premiums, drop or cancel it and then become disabled.
    Answered on September 22, 2014
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