Disability income protection

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Michael Breen

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Jun 20, 2007, 11:03:18 AM6/20/07
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Does anyone carry disability income protection?

Thanks.
Mike

Ryan Richards

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Jun 20, 2007, 11:38:25 AM6/20/07
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Hi Mike:

I do. I was able to convert it over to a portable policy when i left my last perm job.

Ryan

matthew deiters

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Jun 21, 2007, 9:11:16 AM6/21/07
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I do also, unfortunately if your self employed, an S-Corp, or LLC and
own a majority of the shares this isn't going to be a tax deduction.

C-Corps though can deduct it along with life insurance and healthcare.
Matt

Matthew Bass

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Jun 25, 2007, 7:12:33 PM6/25/07
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I don't, since the average length of time a disability prevents
someone from working a job is 3 years, and I have enough money in
savings to support myself over that period of time. (If I get married
and have kids, though, I'll definitely be purchasing a policy!)

Matthew

P.S. I'm a big Dave Ramsey fan and he recommends Zander Insurance.

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