Kiplinger’s Personal Finance Disability Insurance
If you make $75,000 a year, over 40 years that’s $3 million.
There’s just over a 1 in 4 chance that someone in today’s workforce may become disabled before reaching age 67.
You may have some disability insurance at work. But, benefits under a an employer’s plan usually max out at 60% of your salary. And, those benefits are fully taxable at your top tax rate.
Benefits you get under a policy you pay for yourself come to you tax free.