The rule of thumb that I recall when considering purchasing disability insurance was that I was “7 times more likely to become disabled than die in my mid-30’s”.
studies show that just more than one out of every four 20-year-olds will become physically challenged before reaching retirement
Unlike life insurance, where if you are deceased the insurer automatically pays the claim, disability claims are more complex. This is why the terms and definitions in a disability policy are critical. The more precise the definition, the easier it will be to make a claim.
Good article to explore how to protect your family’s financial security.
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.