Message Font: Serif | Sans-Serif
No. of Recommendations: 0
insurance issues are always difficult to know how to handle.

you need to consider how valuable is your income stream. If you have tons of cash in the bank or a spouse with good income then its likely less important.

in my profession at age 40, i can get 15k of benefit for $650 per month and that is the best rate class. 15k/650 is like one in 23 thus if the company made no profit and no commission the risk of me being disabled must be less than 4%. is that a risk you are willing to take.

agents will always push u to cover the most amount of money. part of that is for their benefit and part for yours. id very carefully examine what the definition of disabled is for your quote. it likely is very different then what u think disabled means. meaning if u can do some job then they might not pay at all. id cover the expenses that i feel are crucial and then a few hundred more but thats just me.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.