On a normal career path, a 39 year old earning $62,000 today will earn nearly two million dollars before normal retirement age. But what if that career is interrupted by a long termdisability?
The answer could be an employer sponsored group LTD plan. A typical policy would pay out 60% of pre‐disability income up to a monthly maximum of $6,000, with cost of living adjustments. In a group we just wrote, the premium attributable to a 40 year old was just $37.00 a month.
Surveys indicate voluntary dental and vision plans are more popular than disability insurance. Really?
When was the last time you spent two million bucks on glasses or a crown?