Disability insurance replaces a portion of your income if you can't work due to illness or injury. Short-term policies cover 3–6 months; long-term policies cover years or until retirement age.
Disability insurance replaces a portion of your income if you can't work due to illness or injury. Short-term policies cover 3–6 months; long-term policies cover years or until retirement age.
For working pre-retirees, your biggest asset is your ability to earn an income. Becoming disabled before you've finished saving can derail retirement faster than any market crash. If you're still working, own-occupation long-term disability is one of the most valuable insurances you can buy.
Your employer's group LTD often tops out at $5,000–$10,000/month and uses an "any occupation" definition after 24 months — meaning if you can work as a Walmart greeter, benefits stop. High earners almost always need supplemental private coverage.
Start with the free Retirement Readiness Score to see where you stand, then talk to a fiduciary if you want a second set of eyes. No pitch, no pressure.
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