Don't Forget About Disability Insurance
“Your chance of becoming disabled is far greater than your chance of dying before retirement,” says Emory, but you have life insurance, right? Start with disability coverage offered through your employer, if you can-it’ll be much cheaper than the individual market, or it may be free. “Most companies with more than 25 employees offer some type of long-term disability insurance coverage, often at no cost to the employee,” says Bob Gertie, CEO of Advisor Insurance Resource in Parker, CO. That will usually cover 60% of your base salary, not including bonuses or commissions, and you may be able to purchase more coverage, though no policy will replace 100% of your salary. If you can’t get a policy that way, check with professional associations you belong to, or consider getting a policy that replaces less of your earnings should you become unable to work. “Some income would be better than no income,” says Weaver - Read Full Article Here - http://shine.yahoo.com/financially-fit/10-bad-money-habits-break-them-185000238.html
“Your chance of becoming disabled is far greater than your chance of dying before retirement,” says Emory, but you have life insurance, right? Start with disability coverage offered through your employer, if you can-it’ll be much cheaper than the individual market, or it may be free. “Most companies with more than 25 employees offer some type of long-term disability insurance coverage, often at no cost to the employee,” says Bob Gertie, CEO of Advisor Insurance Resource in Parker, CO. That will usually cover 60% of your base salary, not including bonuses or commissions, and you may be able to purchase more coverage, though no policy will replace 100% of your salary. If you can’t get a policy that way, check with professional associations you belong to, or consider getting a policy that replaces less of your earnings should you become unable to work. “Some income would be better than no income,” says Weaver - Read Full Article Here - http://shine.yahoo.com/financially-fit/10-bad-money-habits-break-them-185000238.html