Launching: Disability Insurance

Mom22039
Mon, 24 Oct 2016 10:54:04 +0000

Mid 20s D is moving to a distance state with a generous start up. When I was in her age, I worked in California which had a mandatory disability insurance program. I’ve learned only 5 states do.

I’m encouraging her to consider a disability policy. It seems the premium would be $150-$175/month to replace $4500 in come. That’s not full income; it is limited to a percentage of income. If an individual pays for their own policy, the benefit is not taxable.

I’d like to get thoughts from others on this topic!