Disability Insurance

December 11, 2007

I heard somewhere that the biggest asset anyone has is their ability to earn a living.  That is why I purchase long term disability insurance through my employer that will pay me 66 2/3% of my pre-disability income and then purchase another $2,000 per month policy for $252 a year.  I usually get a refund of about $80 a year on the outside policy so it really only costs about $172.  I have never been on disability (not even short term) but being single and having only myself to rely on…I got to take care of myself.  I wonder how many people out there purchase such insurance?   To me it is worth the peice of mind it brings.  I would have income of about $7,800 per month until retirement age if anything were to happen to me.  That doesn’t include any possible social security disability income that I could be eligible for.   

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: