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Re: How much disability insurance to you have?
Old 03-17-2007, 01:02 PM   #21
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Re: How much disability insurance to you have?

What's so bad about Unum? That's who my private insurance is through. It's an own-occupation policy that was offered to us through work without the need for medical clearance, and I pay $140 a month for $36000/year coverage (nontaxable) which can be increased as my income rises. Of course, I doubt I'd be able to buy a private policy on my own due to a pre-existing condition, so it's either that or nuthin'.



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Re: How much disability insurance to you have?
Old 03-17-2007, 01:35 PM   #22
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Re: How much disability insurance to you have?

Through work... 60% of salary.


Should only need it for another 4.5 years till I FIRE... That is unless something happens between now an then. If I did go on DB for some unfortunate reason... (and I hope/pray I do not) then I would need it until normal retirement
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Re: How much disability insurance to you have?
Old 03-17-2007, 06:32 PM   #23
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Re: How much disability insurance to you have?

I've opted for additional coverage, through w*rk. The standard coverage is 60% of your salary short-term (up to 26 weeks) and 50% long-term (anything after short-term). I have 100% short-term and 80% long-term. As I get older, I figure I'll be needing them. :P
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Re: How much disability insurance to you have?
Old 03-18-2007, 06:59 PM   #24
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Re: How much disability insurance to you have?

Quote:
Originally Posted by mophead
What's so bad about Unum?
You mean aside from the:

- thousands of people suing them for rejected legit claims?
- Multi-state regulatory settlement that forced them to re-examine many thousands of claims?
- Several lawsuits from state attorneys general alleging bid-rigging in group insurance?
- Gawd knows how many millions of dollars they have paid in penalties and settlements?
- Iffy credit rating?

But if that is all you can get, it is what it is, I guess.
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