2.. Whats Next for Your Personal Financial Plan? Survey several people to determine if they have disability
Question:
2.. What’s Next for Your Personal Financial Plan?
Survey several people to determine if they have disability insurance.
Talk to an insurance agent to compare the costs of disability income insurance available from several insurance companies.
Purpose: To determine financial needs and insurance coverage related to employment disability situations.
Financial Planning Activities: Use the categories below to determine your potential income needs and disability insurance coverage. This sheet is also available in an Excel spreadsheet format in Connect Finance.
Suggested Websites: www.ssa.gov, www.insweb.com, www.dol.gov
Monthly Expenses
If projected income when disabled is less than expenses, additional disability income insurance should be considered.
*Most disability insurance programs have a waiting period before benefits start, and they may have a limit as to how long benefits are received.
Step by Step Answer:
Focus On Personal Finance
ISBN: 9781259919657
6th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart