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Author: dhodson Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5  
Subject: Re: How much disability insurance to buy? Date: 3/30/2011 1:13 PM
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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.
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