It’s a type of insurance you may not have considered. But if the unexpected happens and you’re unable to work, it could provide the extra protection you need. Senior Personal Finance Correspondent Sharon Epperson breaks down the types of disability insurance that can help cover you while you recover.
#disabilityinsurance #disabilitycoverage #disability
Yahoo Finance Stephanie Asymkos explains disability insurance.
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Unfortunately, I discovered disability insurance claims take years, are only awarded 30-40% of the time and attorneys retain 40-50% of your settlement. In addition, due to changes to the tax code by the Trump administration, legal fees paid for by individual are no longer tax deductible. I thought 70% coverage would be sufficient, instead my income was reduced by almost 70%.
Bottom line: Get individual long term disability coverage from an insurance company, not your employer provided policy. Make sure it has own occupation and cost of living adjustments.
I'm still not convinced this is not a complete waste of a money for a 33 y/o healthy Physician like myself, but i signed up for it anyway, begrudgingly.
how many illegals will ever have disability insurance?
I have been worrying for more than a week so when I decided to try her fund my PayPal account with 20 minutes her is fast and reliable
Great context.everyone needs more than there salary to be financially stable.the best thing to do with your money is to invest it rightly.because money left for saving always end up used with no returns.i started investing in Bitcion mid November 2020 with the help of a well-known professional Mr Derek Morgan and the entire profit funded my duplex🇱🇷