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	<title>New answer on: Should I Buy Supplemental Disability Insurance?</title>

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		<title>By: Marlin McKelvy</title>

		<link>https://insurancelibrary.com/disability-insurance/should-i-buy-supplemental-disability-insurance</link>

		<dc:creator>Marlin McKelvy</dc:creator>

		<pubDate>Thu, 24 Jul 2014 23:15:35 +0000</pubDate>

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		<description><![CDATA[It would depend upon your present and projected income levels and the current amount of disability insurance you have.  If you figure you&#039;re going to top out at around $50,000 per year over the course of your life and you have a disability policy that would pay you around $33,000+ per year if you were disabled then you have effectively replaced your after tax net income.  That&#039;s not to say it wouldn&#039;t be wise to have more and to try to account for future inflation but your need for a supplement to maintain your current and projected lifestyle is not as great.

On the other hand, let&#039;s say you are a business owner, physician, executive or really good salesperson who is earning $100,000 or more a year and you can reasonably expect that income level to be increasing in future years and your employer provides a disability insurance policy that tops out at replacing $50,000 of income.  This amount would clearly be well short of replacing your current income level much less your anticipated future increases in income.  Purchasing a supplemental disability policy, and try to get one that is not offset by your current disability policy, would be a wise decision in this situation.]]></description>

		

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