How much disability insurance to you have?

[mophead]

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'.

[chinaco]

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

[jdmorton]

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

[brewer12345]

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.