Читать книгу Personal Finance After 50 For Dummies - Eric Tyson - Страница 43

Long-term disability (LTD) insurance replaces a portion of your lost income in the event that a disability prevents you from working either permanently or temporarily for an extended period of time. For example, you may be in an accident or develop a medical condition that keeps you from working for six months or longer. During your working years, your future income earning ability is likely your most valuable asset — far more valuable than a car or even your home. Your ability to produce income should be protected or insured.

Even if you don’t have dependents, you probably still need disability coverage. After all, aren’t you dependent on your income?

The following sections detail why you should have disability insurance and help you determine the type of coverage you need to protect your income.