What Kind Of Disability Insurance Should I Get?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaYou want to obtain the maximum coverage for your paycheck allowable by the disability insurance company. If you are a professional with occupational skill sets, you should consider own “occ” disability insurance like a plastic surgeon for example. If you have the discretionary funds, you may also consider disability insurance for your retirement plan.Answered on May 22, 2013+01+1 this answer
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61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaDisability insurance is paycheck protection. If you can afford to cover most of your compensation until retirement, you should. Even short term disability insurance is better than none at all. Most Americans have 90 days of cash reserves for emergencies. Paycheck protection insurance is so important and disability insurance can give you the peace of mind that you have income replacement.Answered on September 5, 2013flag this answer
2180 POINTSview profileKelly MoserSocial Media Strategist, Disability Insurance Services, CaliforniaThey type of insurance you can purchase is determined by many factors including what type of job you have, your current health history, whether or not you have DI through an employer. When you meet with an agent, be open about how long you'd be willing to live off your savings. Some people prefer a shorter benefit period (2-5 years monthly payouts), while others want coverage that will pay them until age 65.Answered on September 5, 2013flag this answer
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