Since the primary reason for purchasing a disability income insurance policy is to replace any income that may be lost due to a disability, it’s imperative to have an adequate amount of coverage in place before a disability occurs.
Edward E. Graves, author of “McGill’s Life Insurance” says there are three methods a non-disabled person can employ to make sure their benefits are enough to support their income prior to a disability. The general rule of thumb is if you received a raise or your expenses have increased, so should your benefits.
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