Disability Insurance: Individual: Things To Think About When Purchasing
Maximum Benefit Period
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Look for a policy that starts coverage as soon as you may need the income.
As to the length of time you are paid a benefit, purchase a policy which pays to at least age 65 – or for life if at all possible. At a minimum, it is advisable to obtain benefits for at least five years. The premium difference between a five year benefit and age 65 is rarely very much.
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