Launching: Disability Insurance

busdriver11
Tue, 25 Oct 2016 13:53:31 +0000

I think much depends upon the deal you’re getting, what your company offers, your health and your occupation.

After all these years, we finally applied for disability insurance, and both me and my husband immediately got turned down for trivia. I was able to successfully contest it,but it seemed as if they were really working to deny it. I understand why, it is easy to lose your medical in our occupation and never get it back. Very common to collect on it at our age.

The great deal about it is that it’s tax free. The company automatically provides 60% long term disability, but this will provide 17% on incomes up to a million (I’d like to hit that limit, ha!). The premiums are based upon your monthly paycheck, because the payout is based upon the last 12 months. That seems very fair. I don’t know that I’d want to pay a set amount for a policy, when incomes can vary greatly over the years.