Launching: Disability Insurance

kiddie
Mon, 24 Oct 2016 11:42:16 +0000

My husband and I have always lived and worked in NJ and NY which requires disability insurance. Just took a look at what my daughter’s company does. She is at her first post college job in Boston and she did not purchase any additional disability or life insurance but her company does provide some. The premiums you quote seem high to me. I think in order of priority I would put this last - first get good health, dental, and vision insurance, Then put in the company’s 401K the max they will match. If there is still plenty of money after paying living expenses and some savings I would consider the disability insurance. For a younger person with nobody dependent upon them (no kids or spouse) - it is not as important.