Author Topic: Disability/Income replacement insurance  (Read 1398 times)

FIRE47

  • Bristles
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  • Posts: 350
Disability/Income replacement insurance
« on: February 01, 2017, 07:07:31 AM »
What is the consensus on these types of policies?

How much coverage do you need if any?

The policies seem prohibitively expensivce imo but maybe I am missing something.

kaadalac

  • 5 O'Clock Shadow
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  • Posts: 25
Re: Disability/Income replacement insurance
« Reply #1 on: February 01, 2017, 07:51:09 AM »
My wife bought Short Term Disability when we decided to try and have a baby. It was about $12/month.  When she took unpaid maternity leave she was paid out 60% of her salary for 6 weeks, which more than paid for the policy.

For this case it was worth it.

I also work at an Insurance company that sells disability (in IT). I know that it is a huge moneymaker for us, for what it's worth. 

 

Wow, a phone plan for fifteen bucks!